Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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: 208.00
Bid: 206.00
Ask: 210.00
Change: 0.00 (0.00%)
Spread: 4.00 (1.942%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 208.00
IGR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: IG Design swings to annual loss as revenue down

Tue, 20th Jun 2023 09:50

IG Design Group PLC - Newport Pagnell, England-based designer and manufacturer of celebrations products, including greetings cards, gift wrap, Christmas crackers, gift bags and partywares - Posts revenue of USD890.3 million for the year ended on March 31, down from USD965.1 million the year before. Says the decrease in revenue is due to adverse foreign currency movements, "lower second-half volumes in DG Americas and the strategic decision to continue to exit from unprofitable contracts in the US". Swings to a pretax loss of USD18.9 million from a profit of USD2.2 million. Says this is impacted by a non-cash, one-off write-down of the historic goodwill in the UK business of USD9.1 million.

Declares no total dividend for the year, compared to 1.25p a year prior. Looking ahead, expects continued progress with its aspiration to return to pre-pandemic operating profit margins by the end of financial 2025.

Non-Executive Chair Stewart Gilliland says: "[Financial 2023] was a strong year of recovery and delivery by the group, notwithstanding continued economic challenges across our markets. Last year's decision to place stronger, immediate focus on recovering margins, simplifying the business model and better managing working capital delivered results ahead of our expectations."

Current stock price: 136.90 pence each, up 1.4% on Tuesday morning in London

12-month change: up significantly from 65.50p a year earlier

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
4 Dec 2013 07:46

International Greetings profit falls, margins improve

- Half-year profit shrinks - Margins improve - Robust order book for the full year 2013/14 Gift packaging, stationery and gifts group International Greetings said sales and profit for the six months to the end of September deteriorated while margins improved. The group, which sells over 2bn feet

Read more
5 Sep 2013 12:43

DIRECTOR DEALINGS - International Greetings Directors Gives Shares To Sons

Read more
3 Sep 2012 10:17

International Greetings says a big hello to America

International Greetings, the gift packaging, stationery and gifts group, announced further expansion in the US on Monday, giving its share price a strong lift. The Hatfield-based firm has begun supplying the largest drugstore chain in the US, giving it access to a 7,900-store network in the world's

Read more
24 May 2012 13:28

Small caps round-up: Autologic, Netcall, Animalcare ...

Vehicle services and distribution firm Autologic Holdings is in talks with logistics giant Stobart Group regarding a possible cash offer for Autologic. Netcall, a customer engagement software provider, has continued to trade strongly in the second half of the year, seeing growth across all markets

Read more
4 Apr 2012 15:45

Millennium and Copthorne Hotels non-exec makes sale

Richard Hartman, a Non-Executive Director of FTSE 250 firm Millennium and Copthorne Hotels, sold 132,694 shares in the company on April 3rd at a price of 478.00p each. The £634,277 transaction followed the vesting of around 479,000 shares under the firm's long term incentive plan on March 30th 200

Read more
13 Jan 2012 11:19

Friday broker round-up - UPDATE

Vodafone: Nomura upgrades to buy. Bunzl: UBS cuts to neutral from buy. RSA Insurance: Citi cuts to neutral from buy. BT Group: Nomura upgrades to buy from reduce. RBS: Seymour Price upgrades to buy from reduce. BG Group: JP Morgan raises price target to 1,900p from 1,455p. Tesco: Credit Suiss

Read more
13 Jan 2012 07:55

International Greetings sells over 2bn ft of wrapping paper

International Greetings, a gift wrap and stationery supplier, performed in line with management's expectations during the Christmas trading period and the third quarter. During the Christmas period the firm's annual gift wrap sales exceeded 2 billion feet for the first time. Paul Fineman, Chief

Read more
6 Dec 2011 07:57

International Greetings shrugs off challenging markets

Gift wrap and stationery supplier International Greetings reported a 6%increase in half year sales and said significant opportunities across its markets gives makes it optimistic for the future. Sales in the half-year to 30 September rose to £110.3m from £104.5m in 2010. Profit from continuing ope

Read more
8 Dec 2010 16:56

London close: Footsie slips back on sluggish day

Shares struggled to snap out of their earlier sluggishness all day, closing just a few points in the red. Bid-related activity was the main source of excitement. Medical devices group Smith & Nephew was swept more than 9% higher by talk of a possible acquisition. US private equity firms are though

Read more
8 Dec 2010 15:19

London afternoon: Footsie loses grip

The 5,800 level is under pressure as a weak start on Wall Street begins to drag London back into negative territory. Insurers Prudential, Aviva and Resolution are doing their best to keep the market's head above water, but losses in the mining sector - Rio Tinto, Randgold and Anglo American have fa

Read more
8 Dec 2010 12:08

London midday: Retail stocks take centre stage

Footsie is in sluggish mode today although there is some excitement among retail-related stocks. Figures from the British Retail Council show shop price inflation fell for the first time in five months in November as nervous retailers slashed prices to make sure shoppers splash out in the run-up to

Read more
8 Dec 2010 08:57

London open: Blue chips head lower

London has opened lower as a bullish mood in the US following a two-year extension to tax cuts faded by the close last night. Smith & Nephew is the best performer by some distance, while Royal Dutch Shell is also higher after an upgrade to equal-weight from underweight from Morgan Stanley. The dea

Read more
8 Dec 2010 08:37

International Greetings wraps up strong H1

Gift wrap and stationery supplier International Greetings more than doubled half year profit while sales rose 13% as it moves confidently into the key Christmas period. Trading has continued in line with expectations since the period end, the group said in a company statement. "We expect condition

Read more
28 Oct 2010 14:40

Strong first half for International Greetings

Gift wrap and stationery supplier International Greetings says that sales have grown in line with expectations in the first half, although the second half is the most important period for the company. The six months to September 2010 have benefited from Toy Story 3 licensed products. There has als

Read more
14 Jul 2010 16:00

UK SMALLCAP ROUNDUP:Dividend Chance For International Greetings

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps INTERNATIONAL GREETINGS PLC (IGR.LN) Wednesday said it isn't ruling out introducing its first dividend payment at the end of the current fiscal year.

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.