The Marketing Group (TMG) achieved revenues of €7.2m and an EBITDA of €0.125m in Q117, with the strong performance by the majority of group companies diluted by weaker performance from others. The newly-configured board is currently addressing these issues and is working through the development of a revised strategy that will be presented to the market with the interim results in mid-August. Management expects the group’s financial performance to improve as the year progresses. With no market forecasts as yet, forward-looking valuation metrics are not usable and the historic FY16 P/E of 6.5x is on part-year earnings.

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