The Mission Marketing Group, a marketing communications and advertising group, expects its headline profit before tax for 2017 to be 10% higher at £7.7m, representing the seventh consecutive year of growth. Revenue for 2017 is expected to be 6% ahead of the year before, reflecting like-for-like growth of almost 4% and the first contribution from its acquisition of RJW & Partners. The year ended with a net bank debt position below £7.5m, materially better than market expectations. The ratio of net bank debt to EBITDA has reduced below x1.0, thereby triggering a 0.5% reduction in interest rates on the group's debt facilities from this month. The group has appointed Giles Lee, currently an executive director and chairman of Bray Leino, as commercial director. Non-executive director Christopher Morris intends to retire from the board during 2018. David Morgan, chairman, said: "Despite some ongoing market challenges, our group performed strongly in 2017. Our increased use of proprietary technology-enabled systems has strengthened the depth and breadth of service that we bring to our clients and has added significant value to what we do for them. Alongside our drive to identify operating efficiencies, embracing technology will improve our margins and continue to fuel our core growth through 2018."
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