IG Design Group (IGR)

Sector:

Household Goods

Index:

FTSE AIM All-Share

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

IG Design profits set to improve in H2

By Iain Gilbert

Date: Tuesday 29 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Stationery product manufacturing company IG Design said on Tuesday that profits were anticipated to improve in H2.
IG Design said revenue had declined 11% in the six months ended 30 September, driven by DG Americas, which resulted in a 62% year-on-year decline in adjusted profit in H1.

However, IG anticipates profit improvement in H2, with its business simplification, efficiency and cost-saving initiatives all driving profit recovery.

The AIM-listed group stated it had executed a number of cost-saving initiatives during H1, including the closure of its Chinese manufacturing facility and "significant restructuring" within DG Americas, which will positively impact H2 profitability.

"The board believes the trading results for the full year to 31 March 2025 remain in line with its revised expectations as communicated at the group's AGM statement last month. This represents strong year-on-year improvement in both profit and cash flow compared to the prior financial year," said IG Design.

"It will also deliver the board's aspiration to return the group to pre-pandemic operating margins of at least 4.5% by the end of FY2025."

As of 1135 GMT, IG Design shares were 4.86% higher at 132.65p.













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 131.50p
Change Today -0.50p
% Change -0.38 %
52 Week High 235.00
52 Week Low 111.00
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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