Clean reporting | Veterinary growth
There is a lot to like about a company generating growing amounts recurring revenue from plenty of customers, across several geographies, as you can discover in our update here. Elsewhere, a large veterinary group’s first acquisition in a new overseas market also helped lift the shares. Read on below for this and other news. (Free to read)
A tough Mission MISSION Group (AIM: TMG), a group of digital marketing and communications agencies, issued a trading update for the six months ending 30 June 2023. Having secured several notable new client wins, including the UK Space Agency, Goldman Sachs, Jägermeister and Worldpay, among others, overall revenue rose 12% to £42.0m. However, headline (that’s adjusted!) profit before tax for the period has been impacted by higher interest rates and is expected to be only £1.0m (30 June 2022: £1.8m). The reduced level of activity in the US technology sector has impacted margins, particularly in comparison to 2022. Despite the…