IG Design Group (IGR)

Sector:

Household Goods

Index:

FTSE AIM All-Share

131.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 235.00p
  • 52 Week Low: 111.00p
  • Currency: UK Pounds
  • Shares Issued: 96.16m
  • Volume: 91,209
  • Market Cap: £126.45m
  • RiskGrade: 195
  • Beta: 0.55

IG Design warns on profits, shares slide

By Michele Maatouk

Date: Thursday 26 Sep 2024

LONDON (ShareCast) - (Sharecast News) - IG Design slid on Thursday after the stationery product manufacturer warned on profits amid ongoing challenges at its DG Americas division.
At the full-year results in June, IG Design reported a 16% drop in revenue for the DG Americas division. It said this was driven mainly by reduced demand for certain categories, from Everyday product categories to Seasonal ones, as its main customers ordered more cautiously ahead of seasonal peaks, especially Christmas 2023.

"In addition, we were carefully managing our credit risk exposure, which weighed on revenues, as some of our US retail customers gave us cause for concern," it said.

These trends have continued into the current financial year, with revenue in DG Americas down around 14% for the five months to the end of August, and leaving overall revenue around 13% lower than the same period a year earlier.

IG said that with the order book now around 77% complete, it expects group revenue to fall around 5% for the full year, mainly driven by the trends seen in DG Americas.

"Notwithstanding the challenges in DG Americas, the group's Operating Profit is expected to grow year-on-year, and the margin is still expected to return to above proforma pre-pandemic levels of at least 4.5%," it said.

"The group expects to deliver in excess of 20% year-on-year adjusted profit growth, however, as a result of the lower expected revenue, the group now expects results for the year to be below, but within 10% of, previous market profit expectations and towards the lower end of the board's profit expectations."

At 1250 BST, the shares were down 25% at 127.88p.

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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 131.50p
Change Today -0.50p
% Change -0.38 %
52 Week High 235.00p
52 Week Low 111.00p
Volume 91,209
Shares Issued 96.16m
Market Cap £126.45m
Beta 0.55
RiskGrade 195

IG Design Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.66% above the market average55.66% above the market average55.66% above the market average55.66% above the market average55.66% above the market average
54.55% above the sector average54.55% above the sector average54.55% above the sector average54.55% above the sector average54.55% above the sector average
Price Trend
17.62% below the market average17.62% below the market average17.62% below the market average17.62% below the market average17.62% below the market average
8.33% below the sector average8.33% below the sector average8.33% below the sector average8.33% below the sector average8.33% below the sector average
Income
3.5% below the market average3.5% below the market average3.5% below the market average3.5% below the market average3.5% below the market average
17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average
Growth
72.08% below the market average72.08% below the market average72.08% below the market average72.08% below the market average72.08% 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 13-Nov-2024

Time Volume / Share Price
15:59 40,000 @ 132.00p
16:00 5,618 @ 128.67p
16:00 817 @ 128.67p
16:19 342 @ 130.00p
16:18 6,397 @ 128.00p

IG Design Group Key Personnel

CEO Paul Bal
CFO Rohan Cummings

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