Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDesign Group Share News (IGR)

Share Price Information for Design Group (IGR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 178.00
Bid: 175.00
Ask: 181.00
Change: 3.00 (1.71%)
Spread: 6.00 (3.429%)
Open: 178.00
High: 178.00
Low: 178.00
Prev. Close: 175.00
IGR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IG Design shares rise as backs full-year expectations

Wed, 25th Oct 2023 13:42

(Alliance News) - IG Design Group PLC shares jumped on Wednesday, after it said it expects full-year results in line with expectations

IG Design is a Newport Pagnell, England-based designer and manufacturer of celebrations products, including greetings cards, gift wrap, Christmas crackers, gift bags and partywares.

Its shares were up 11% to 125.00 pence each in London on Wednesday afternoon.

IG Design said that in the six months ended September 30, it has made progress in improving operational efficiency and simplifying the business.

These initiatives have resulted in significant growth in profit and margin for the period compared to the same period last year, it noted, as well as "significantly lower" net debt.

"Both measures are notably ahead of management's expectations for the period," it added.

Commenting on its outlook, the company said it expects full-year results to be in line with company expectations.

IG said: "This represents a strong year-on-year improvement in profit and cash flow compared to the prior financial year, albeit sales will be lower for the reasons given."

Looking further ahead, IG Designs aims to return the company to pre-pandemic operating margins by the end of financial 2025.

IG Design will publish its in interim results on November 28.

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
6 Jun 2022 11:40

AIM WINNERS & LOSERS: Clontarf has dry hole; eve Sleep in wake-up call

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Read more
27 Apr 2022 12:16

TRADING UPDATES: Shearwater to beat forecasts; Immotion in US zoo deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
30 Mar 2022 16:50

IN BRIEF: IG Design appoints Paul Bal as CFO from Stock Spirits

IG Design Group PLC - Bedfordshire, England-based consumer gift packaging company - Appoints Paul Bal as chief financial officer with effect on May 1.

Read more
30 Mar 2022 09:11

IG Design names Paul Bal as CFO

(Sharecast News) - Gifts and stationery manufacturer IG Design Group revealed on Wednesday that Paul Bal has been tapped to take over as its chief financial officer.

Read more
25 Mar 2022 09:46

LONDON BROKER RATINGS: Next and B&M raised; British Land cut to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
21 Feb 2022 18:12

TRADING UPDATES: Panther Securities wins lease; NightCap opens new bar

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
26 Jan 2022 14:38

IG Design shares tumble on profit warning for annual results

IG Design shares tumble on profit warning for annual results

Read more
26 Jan 2022 11:23

AIM WINNERS & LOSERS: IG Design plunges after profit warning

AIM WINNERS & LOSERS: IG Design plunges after profit warning

Read more
26 Jan 2022 08:57

IG Design warns over full-year earnings

(Sharecast News) - IG Design tumbled on Wednesday after it warned that full-year earnings would be "significantly" below market expectations and that there would be no final dividend, citing higher costs and lower craft sales in the final quarter.

Read more
12 Jan 2022 15:03

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
2 Dec 2021 15:58

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
23 Nov 2021 14:10

IN BRIEF: IG Design profit rises despite supply chain challenges

IN BRIEF: IG Design profit rises despite supply chain challenges

Read more
23 Nov 2021 13:27

IG Design confident despite 'challenging' first half

(Sharecast News) - Greeting card and giftware designer IG Design Group reported a "challenging" first half on Tuesday, with cost headwinds and supply chain limitations leading to lower-than-expected revenue and reduced year-on-year operating margins, despite strong demand.

Read more
23 Nov 2021 10:53

AIM WINNERS & LOSERS: Universe doubles after takeover agreement

AIM WINNERS & LOSERS: Universe doubles after takeover agreement

Read more
26 Oct 2021 17:06

LONDON MARKET CLOSE: FTSE 100 gains as Reckitt and Whitbread cheered

LONDON MARKET CLOSE: FTSE 100 gains as Reckitt and Whitbread cheered

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.