The MISSION Group - Making the work count
SUMMARY
After a particularly strong Q421, The MISSION Group’s FY21 results were ahead of market forecasts, with revenue up by 18% (17% organic) and operating margins at 11.1%, from 3.1% in FY20 – substantial progress towards management’s 14% target. The £6.7m of outstanding acquisition payments were met in FY21, with year-end obligations reduced to £3.3m. Net debt of £10.3m is comfortably within leverage targets, giving flexibility to invest further to drive growth. A recommended final dividend of 1.6p means a total payment 4% up on FY19’s 2.3p, indicating management’s confidence in FY22 prospects.
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- The MISSION Group - Making the work count29 Mar 2022
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