A third successive quarter of growth in EBITDA
London - 15 November 2017 - The Marketing Group plc ('TMG' or the 'Group' or the 'Company') is pleased to announce its financial results for the third quarter from 1 July 2017 to 30 September 2017.
Third quarter highlights
Q3 2017 Turnover of €7.043 million (2017 year to date €19.59 million)
Q3 2017 Net Revenue of €4.259 million (2017 year to date €12.60 million)
Q3 2017 EBITDA of €679k (2017 year to date €1.45 million)
Commenting, Adam Graham, TMG CEO, said,
'Our continued focus on synergies and collaboration within the Group is yielding results. This strong organic growth provides solid foundations for further acquisitions and strategic initiatives.'
The Group's network is now gelling together well and, as such, further synergies are being unlocked. Trading performance for the quarter improved once more, with EBITDA coming in ahead of forecast at €679k and taking the EBITDA for the year to date to €1.45m
We are seeing more collaboration between our agencies around the world and an increased ability to provide a consolidated offering to clients. This is resulting in incremental new business wins and additional revenue being retained within the Group.
This solid platform of organic growth provides the ideal foundations from which to launch new initiatives. Because of the talent we have, and the agile structure that we embrace, we can move quickly to capitalise on market opportunities. One such opportunity is the creation of a global media planning and buying network that provides a new level of transparency to clients.
Today we announce the launch of TRUTH, our blockchain-enabled, global media agency that will provide previously unseen levels of transparency and value to brands, publishers and consumers alike. TRUTH will be led out of London by Mary Keane-Dawson and will leverage the existing media capabilities we have within the Group from DAE, One9Ninety, Rainmakers, and Channelzero.
Alongside the roll-out of TRUTH, we will also continue to develop TEMBA, our internal collaboration platform, as a core part of our strategy of harnessing technology to provide a highly effective global marketing solution. As TEMBA evolves, it will unlock further opportunities to pull together best-in-class teams and load balance globally, to provide an unparalleled level of effectiveness and scalability.
We are continuing to optimise the network and are very happy with the progress we are making. Future acquisitions will be selected on the basis of good strategic fit and additional value creation.
There is still much to do but, as you can see, we are making good progress.
This is an exciting time for TMG.
Adam Graham, CEO
The Group's results for the 12 months ended 31 December 2017 will be announced on 28 February 2018.
For further information please contact:
Adam Graham, CEO
Phone: +44 (0)7710 244573
Phone: +44 (0) 207 652 9789
The Marketing Group plc ('TMG') in brief
TMG is building a global full-service marketing network, powered by technology, that provides a fresh alternative for global brands that want to see more bang for their buck. With offices in America, Europe, Asia and Australasia, TMG's collaborative network of agencies provide a holistic service to deliver highly effective results.
The Marketing Group is listed on Nasdaq First North, Stockholm. www.tmg-plc.com.
Mangold Fondkommission AB, +46 8-5030 15 50, is the company's Certified Adviser and liquidity provider.
This information is information that The Marketing Group plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 7.00am CET on 15 November 2017.