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Pin to quick picksDesign Group Share News (IGR)

Share Price Information for Design Group (IGR)

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Share Price: 232.50
Bid: 230.00
Ask: 235.00
Change: 15.00 (6.90%)
Spread: 5.00 (2.174%)
Open: 217.50
High: 232.50
Low: 211.00
Prev. Close: 217.50
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IG Design to buy US gift packaging supplier Impact Innovations for £56.5m

Tue, 28th Aug 2018 09:33

(Sharecast News) - IG Design said on Tuesday that it has agreed to buy US gift packaging supplier Impact Innovations for £56.5m.The AIM-listed company, which designs and manufactures celebration, gifting and creative play products, also said it has raised £50m through a placing of 9.8m shares at 510p each to help fund the deal.IG Design said the acquisition will create the world's largest consumer gift packaging business and deliver "significant" earnings accretion in each of the next three financial years and synergies in excess of $5m by year three. In addition, it will enable expansion into the growing and adjacent seasonal décor product category both in North America and in established Design Group markets around the world.For the year to the end of December 2017, Impact Innovations recoded underlying earnings before interest, taxes, depreciation and amortisation of $15m on revenues of $155.9m.It is estimated that the combined business will account for 22% of the overall consumer gift packaging market in the USA and Canada.Chief executive officer Paul Fineman said: "The combination of Impact Innovations with Design Group not only doubles the scale of our business in the Americas, it further enhances the overall performance and growth potential of our whole group whilst continuing to illustrate our delivery of the group's stated strategy."We are delighted to be acquiring a business that has a strong track record of consistent robust financial performance and cash generation through providing great product and category management expertise to its customers. As a combined group, we have a significant opportunity to capitalise on our now enlarged scale and breadth of offering to our customer base of many of the world's largest and most successful retailers."The company also gave a very brief update on trading, which it said has been strong in the current financial year to date, while its full-year financial forecast remains in line with management expectations.At 0930 BST, the shares were up 3.9% to 543.40p.
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23 Jun 2015 08:12

International Greetings reports surge in full-year profits

Gift packaging, cards and stationery group International Greetings reported a surge in profits for the year to 31 March and said it was on track to deliver double-digit earnings growth in the future. The company said it exceeded its goals for profit generation, debt reduction and earnings per share

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21 Apr 2015 11:04

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21 Apr 2015 07:20

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21 Apr 2015 07:04

International Greetings To Restore Dividend As It Beats Market View

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28 Jan 2015 09:02

International Greetings Says Results In Line After Good Christmas

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3 Dec 2014 08:05

International Greetings first-half sales drop on currency volatility

Giftware and packaging designer and maker International Greetings blamed currency volatility for lower sales and said profits in its Australian business would take a short-term hit from development costs. The group reported a 1.5% fall in sales for the six months ended 30 September to £111.9m,

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2 Jul 2014 09:06

International Greetings Posts Slight Fall In Annual Profit, Revenues

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2 Jul 2014 08:47

International Greetings on track to meet targets as annual profits rise

Gift packaging, cards and stationery group International Greetings reported a small rise in profits in the year to March 31st with all operating regions trading profitably. Revenues slipped 0.3% to £224.5m due to currency movements, but adjusted profit before tax increased by 4% to £7.6m, while adj

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5 Jun 2014 10:43

International Greetings Acquires Dutch Gift-Wrap Maker Enper

LONDON (Alliance News) - International Greetings PLC Thursday said it has signed a deal to acquire the trade and certain assets of Netherlands-based gift-wrap manufacturer Enper Giftwrap BV for roughly EUR1.9 million, which it said will widen its customer base and further strengthen its market po

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24 Apr 2014 10:14

International Greetings Says Full-Year In Line With Expectations

LONDON (Alliance News) - International Greetings PLC Thursday said that trading in its last financial year was in line with expectations, driven by strong growth in its European business. "Our focus on leverage and overall debt reduction across the group has produced an outcome ahead of cur

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10 Feb 2014 15:52

NWF non-exec buys 10,000 shares

Monday was a relatively quiet day for director dealings with very few notable transactions taking place. One took place at agricultural and distribution firm NWF Group where Non-Executive Director Yvonne Monaghan acquired 10,000 shares at a price of 138p each. The £13,800 deal represents Monaghan'

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10 Feb 2014 10:27

DIRECTOR DEALINGS: International Greetings Executive Sells Shares

LONDON (Alliance News) - International Greetings PLC Monday said Executive Director Lance Burn exercised options over 22,400 shares and sold the shares at a price of 73 pence each Friday. Following this transaction, Burn has no interest in the company. Shares in the greeting card comp

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5 Feb 2014 12:29

DIRECTOR DEALINGS: International Greetings Non-Executive Sells Shares

LONDON (Alliance News) - International Greetings PLC Wednesday said non-executive director Elaine Bond sold 10,000 shares at a price of 70 pence per share. Following this transaction, Bond has no further interest in the company. Shares in the gift wrapping company were down 4.6% at 72

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29 Jan 2014 10:51

International Greetings Says It Performed Well Over Christmas Period

LONDON (Alliance News) - International Greetings PLC Wednesday said it performed well over the Christmas period, and trading over the third quarter was in line with expectations. The gift packaging and greetings card manufacturer said its debt levels were lower than expected during the peri

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29 Jan 2014 08:23

UK MORNING BRIEFING: Shares Open Higher; Shell Sells Brazil Stake

LONDON (Alliance News) - Shares have opened higher Wednesday, as fears about emerging market economies has eased ahead of the results of the January US Federal Reserve meeting.

Royal Dutch Shell has announced another asset sale, this time 23% of its Brazilian offsho

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