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 delivers 'significant growth' in FY profits

By Iain Gilbert

Date: Tuesday 30 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Greeting cards manufacturer IG Design said on Tuesday that it had experienced "significant growth" in profit and strong cash flows in the year ended 31 March, ahead of expectations.
IG Design said it continued to make "good progress" on its turnaround journey of improving operational efficiency and simplifying the business, resulting in "significant growth in profit and margin" for the year.

The AIM-listed group now expects to deliver adjusted pre-tax profits of $25.9m, up from $9.2m a year earlier and ahead of market expectations. Operating profit margins were expected to be roughly 3.8%, marking a recovery of 200 basis points on the previous year.

IG Design also expects to report full-year revenues of approximately $800.0m, in line with current expectations and a 10% reduction year-on-year.

The company also noted that it expects to make a provision of $5.5m for potential liabilities relating to pre-acquisition era duties owed in the recently acquired DG Americas division but said it was taking legal advice on the matter.

Chief executive Paul Bal said: "I am delighted with our progress in improving operational efficiency and simplifying our business. Through our work, we have delivered another year with significant improvement in profit and margin.

"Looking ahead, whilst the external environment remains uncertain, we remain confident that our strategy is the right one, and that we will achieve our aspiration to return the group to pre-Covid-19 adjusted operating profit margins by 31 March 2025."

As of 1050 BST, IG Design shares had surged 33.33% to 162.0p.







Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% 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

Top of Page