IG Design Group (IGR)

Sector:

Household Goods

Index:

FTSE AIM All-Share

146.00p
   
  • Change Today:
      3.50p
  • 52 Week High: 235.00p
  • 52 Week Low: 111.00p
  • Currency: UK Pounds
  • Shares Issued: 96.16m
  • Volume: 128,337
  • Market Cap: £140.40m
  • RiskGrade: 195

IG Design sees 'significant growth' in profits

By Iain Gilbert

Date: Wednesday 25 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Stationery and gifts manufacturer IG Design Group said on Wednesday that it had seen "significant growth" in both profit and margins in the six months ended 30 September.
IG Design said it had continued to make "good progress" on improving operational efficiency and simplifying the business, resulting in "significant growth" in profits and margins year-on-year.

In addition, IG said that net debt was "significantly lower" than a year ago, reflecting strong cash flow.

The London-listed group said it had seen a return toward normal ordering seasonality following disruption to international supply chains in recent years, meaning that some sales had returned to being in the second half of the financial year.

Alongside this, IG noted that it had also seen lower consumer demand for everyday products in some markets and reduced order quantities guided by lower customer expectations of the forthcoming Christmas season. Consequently, the group delivered lower sales versus the same period last year.

However, IG said its full-year trading results will still be in line with internal expectations, representing a "strong year-on-year improvement in profit and cash flow".

"It demonstrates continued delivery of the board's aspiration to return the group to pre-pandemic operating margins by the end of FY2025," said IG.

As of 0900 BST, IG Design shares had shot up 13.48% to 127.66p.

Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IG Design Group Market Data

Currency UK Pounds
Share Price 146.00p
Change Today 3.50p
% Change 2.46 %
52 Week High 235.00p
52 Week Low 111.00p
Volume 128,337
Shares Issued 96.16m
Market Cap £140.40m
RiskGrade 195

IG Design Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.77% above the market average47.77% above the market average47.77% above the market average47.77% above the market average47.77% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Price Trend
20.79% above the market average20.79% above the market average20.79% above the market average20.79% above the market average20.79% above the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Income
3.35% below the market average3.35% below the market average3.35% below the market average3.35% below the market average3.35% below the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average
Growth
71.86% below the market average71.86% below the market average71.86% below the market average71.86% below the market average71.86% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IG Design Group Dividends

  Latest Previous
  Interim Final
Ex-Div 09-Dec-21 09-Sep-21
Paid 19-Jan-22 14-Oct-21
Amount 1.25p 5.75p

Trades for 31-Oct-2024

Time Volume / Share Price
16:10 1,702 @ 148.70p
16:09 588 @ 145.20p
16:06 2,017 @ 148.70p
16:05 60 @ 148.70p
15:58 2,787 @ 148.70p

IG Design Group Key Personnel

CEO Paul Bal
CFO Rohan Cummings

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