Bli medlem
Bli medlem

Du är här


The Marketing Group Plc: Correction to The Marketing Group PLC - Interim Report for the nine months ended 30 September 2016

It has been deemed necessary to make a clarification of some of the
financial figures reported in the `Interim Report for the nine months
ended 30 September 2016'. The updated figures are reported in the
revised version below.

Below the revised press release.

Stockholm, 18 November, 2016 - THE MARKETING GROUP PLC ("the Group"),
the world's leading digital marketing and advertising agglomeration,
announces financial results for the third quarter and interim period
ended 30 September.

Third Quarter

· Turnover of €6,188,327*
· EBITDA of €614,365*
· Net income amounted to €511,268*
· Earnings per share of 1.79 cents*
· 12 new companies acquired
· Wholly owned subsidiaries at the end of the period total 18
· Total number of employees is 250*

Nine months to 30 September

· Turnover of €8,596,496*
· EBITDA of €1,310,047*
· Earnings per share of 3.3 cents*
· Pro forma turnover with all companies contributing a full 9 months
of €28,191,275**

· Pro forma EBITDA with all companies contributing a full 9 months
of €4,381,547**

*Figures exclude the operational performance of Astute Ltd., pending
the completion of the acquisition. Should the acquisition of Astute,
Ltd. not complete 5.6 million ordinary shares will be cancelled
reducing the total number of ordinary shares outstanding to
28,585,911. Accordingly, adjusted earnings per share for the nine
months to 30 September would increase from 3.3 cents to 3.9 cents.

**Pro-forma numbers should not be viewed as a measure of 2016
performance but reflect what the Group's performance would look like
if all companies contributed for the full nine-month period. This is
shown to provide a guide as to the Group's performance in 2017 when
all companies will be contributing for the full year.

The Executive Chairman's Statement

Dear fellow shareholders,

I am pleased to report that during the third quarter we have continued
to make excellent progress delivering our strategy aimed at building
a leading global marketing and advertising company by adding a
further twelve new businesses to the group. Each acquisition was
accretive to earnings per share (EPS) and was strategically selected
to enhance our service offering and strengthen our position in key
international markets.

As of 30 September 2016 The Marketing Group stood at 18 subsidiary
brands with 31 offices in 8 countries, delivering outstanding
services to clients in the USA, Europe, Asia, Australia and New
Zealand. Our service offering is becoming increasingly focused on
digital capabilities, which we believe are transforming the marketing
and advertising industry and for which we are seeing the greatest
demand from our clients.

Our digital offering is highly specialised and yet at the same time is
becoming increasingly diverse, ranging from media buying and
production to digital communications, from e-learning to game
development and from digital advertising to brand development.

We are more and more looking for opportunities to enhance the
profitability of each of our subsidiary brands through collaboration
and synergies that enable the Group to offer a more cohesive client
service. To this end, on 15-16 September we held our first Founder's
Summit, which brought together the leadership of each subsidiary
business and our Executive Board to discuss opportunities for greater
cooperation to support organic growth.

The appointment of Adam Graham as Chief Executive of The Marketing
Group will also help to facilitate greater coordination between
subsidiaries. Adam's appointment, together with that of Mats
Lundkvist as a non-executive director and Carl Thunström as investor
relations advisor, significantly strengthens our senior leadership
team, corporate governance structures and investor communications

For the rest of 2016 we plan to continue to add new, profitable,
debt-free companies to the group, in the same manner as we have done
so far. We have a strong near-term pipeline of high quality, fast
growth agencies ready to join the group, many of which had been
identified by Adam Graham ahead of his appointment as our CEO.

Through our acquisition strategy we are rapidly building a company
that can compete with the major global networks in terms of service
offering and geographical reach. This journey has only just begun but
I am confident that the Group will continue to grow from strength to
strength and create value for all our shareholders.

Thank you all for being a part of our journey.

Jeremy Harbour


Jeremy Harbour will be conducting an Investor Webinar regarding this
press release on 18th November 2016, 9am CET. Kindly join the call
with the following link:

For more information, please contact

Malcolm Robertson / Tom Evrard

Phone: +65 6831 7829 / 6831 7801


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 7am CET on 18th of November

The Marketing Group in brief

The Marketing Group plc is a global marketing and advertising company
that brings together a portfolio of successful and independent
digital marketing businesses, each offering unique and complementary
products and services. Together these businesses make up a global
network offering a full suite of digital marketing and advertising
services. The consolidated group supports its subsidiaries with
management and coordinating activities as well as a common operating
platform. The Marketing Group was incorporated in May 2015 and listed
on Nasdaq First North Stockholm on 8 June 2016. Mangold
Fondkommission AB, +46 8-5030 15 50, is the Company's Certified
Adviser and liquidity provider.

For more information, please visit the Company's website


Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.