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Pin to quick picksDesign Group Share News (IGR)

Share Price Information for Design Group (IGR)

London Stock Exchange
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Share Price: 214.00
Bid: 210.00
Ask: 218.00
Change: 6.00 (2.88%)
Spread: 8.00 (3.81%)
Open: 208.00
High: 216.50
Low: 206.50
Prev. Close: 208.00
IGR Live PriceLast checked at -

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IG Design's profits leap after seasonal acquisition

Tue, 27th Nov 2018 12:59

(Sharecast News) - IG Design Group reported on Tuesday that its interim profit increased following the recent purchase of Minnesota-based Impact Innovations.The gift packaging and greetings card maker's profit before tax for the six-month period ended 30 September stood at £14m, up by 48% from the same period the year before, as revenue increased by 23% to £205.2m.At 30 September, cash and cash equivalents stood at £1.6m, down from £2.3m at the same point last year, while the interim dividend increased by 25% to 2.5p per share.Paul Fineman, chief executive of IG Design, said: "Our overall performance during the first half of the year has been particularly pleasing. Alongside the completion of a milestone acquisition in the USA, we have seen robust organic growth particularly in higher margin product categories and an excellent return on investment coming through from the many efficiency initiatives undertaken."Excluding the impact of gift packaging and seasonal décor provider Impact Innovations, which was acquired for £56.5m in August, sales increased by 4% and profit before tax jumped by 38%."We go into the second half with a record order book and meaningful operational and commercial initiatives in full swing throughout the group. As a result, we are pleased to announce the group's full year forecasted earnings are anticipated to be ahead of market expectations. The board is confident that our stakeholders should expect more of the same going forward," said Fineman.IG Design's shares were up 1.99% at 576.25p at 1535 GMT.
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29 Aug 2018 13:33

Wednesday broker round-up

(Sharecast News) - Barratt Developments: Citigroup upgrades to buy with a target price of 634p.

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28 Aug 2018 09:50

IG Design To Raise Up To GBP50 Million To Purchase Impact Innovations (ALLISS)

LONDON (Alliance News) - IG Design Group PLC on Tuesday said it intends to raise up to GBP50 million as it agrees to buy US gift packaging products supplier Impact Innovations Inc for GBP56.5 such

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28 Aug 2018 09:33

IG Design to buy US gift packaging supplier Impact Innovations for £56.5m

(Sharecast News) - IG Design said on Tuesday that it has agreed to buy US gift packaging supplier Impact Innovations for £56.5m.

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11 Jun 2018 09:54

IG Design Achieves Record Profits And Revenue, Hikes Dividend

LONDON (Alliance News) - IG Design Group PLC said Monday its achieved record annual profits and revenue in all of its regions.For the year ended March 31, IG Design posted a 51% rise in to

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31 May 2018 15:28

Octopus Investments Raises Stake In IG Design Group To 6% (ALLISS)

LONDON (Alliance News) - IG Design Group PLC said on Thursday that Octopus Investments Nominees Ltd had increased its stake in the stationary manufacturer and supplier to 6.0% after a transaction

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18 Apr 2018 12:10

IG Design Considers Upping Dividend Rate Due To Strong Performance

LONDON (Alliance News) - IG Design Group PLC said Wednesday its second half trading will lead to "overall progress and financial performance in line with management expectations" for the

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3 Apr 2018 13:40

IG Design Sells Welsh Site To Power Company For GBP2.5 Million

LONDON (Alliance News) - IG Design Group PLC on Tuesday completed the sale of its site In Wales for GBP2.5 million.The greeting cards company said that a

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5 Jan 2017 07:43

IG Design enjoys merry Christmas

(ShareCast News) - Shares rose in IG Design Group as the stationary and packaging designer said that results over Christmas had been "strong". The AIM-listed company said that following the "strong" performance for the first six months ended 30 September 2016, trading continued to be strong during t

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22 Nov 2016 16:20

UK Earnings, Trading Statements Calendar - Next 7 Days

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7 Sep 2016 15:03

UK Shareholder Meetings Calendar - Next 7 Days

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30 Aug 2016 10:44

IG Design on track to meet full-year market expectations

(ShareCast News) - AIM-listed IG Design said on Tuesday that it is on track to deliver against full-year market expectations after the first-quarter was in line with both management and market views. The company said sales in the first quarter, together with overall customer order levels already rec

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7 Aug 2016 13:59

Sunday share tips: Johnston Press, IG Design

(ShareCast News) - Sell shares in Johnston Press, was the advice of the Sunday Times' Inside the City column. The publisher, recently added to its stable of local newspaper that ranges from the Burnley Express and the Isle of Man Examiner down to the Crawley Observer and Portsmouth's The News, with

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11 Jul 2016 07:13

IG Design Expands In US After Buying Home Decor Product Supplier Lang

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29 Jun 2016 07:44

IG Design Profit Up On Star Wars; Sees No Near-Term Change Post-Brexit

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24 Jun 2016 06:23

International Greetings Changes Name To IG Design Group

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