Mission Group Reports Growth and Debt Reduction

The Mission Group (GB:TMG) has released an update.

The Mission Group plc has reported a positive trading update for H1 2024, with organic revenue growth of 2.5% to £42.5m and a headline operating profit of £2.6m, indicating consistent progress in line with management’s expectations. The company has also achieved significant debt reduction, with net bank debt down to £19.6m after fully repaying the HMRC Time To Pay creditor. With strong new business wins and a healthy pipeline, The Mission Group is on track to meet its full-year profit forecasts and continues to implement its Value Restoration Plan aimed at boosting profitability.

For further insights into GB:TMG stock, check out TipRanks’ Stock Analysis page.