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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: 156.00
Bid: 155.00
Ask: 157.00
Change: -1.50 (-0.95%)
Spread: 2.00 (1.29%)
Open: 157.50
High: 157.50
Low: 156.00
Prev. Close: 157.50
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International Greetings profit falls, margins improve

Wed, 04th Dec 2013 07:46

- Half-year profit shrinks- Margins improve- Robust order book for the full year 2013/14Gift 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 of gift wrap annually and trades with over 80 countries, said pre-tax profit fell to £1.7m in the six month period from £2.5m a year earlier after exceptional costs of £1.8m for its new investment in Wales.Sales slipped to £113.6m from £115.2m in 2012, reflecting the phasing of deliveries to customer, which should result in a busier second half. It said trading was overall in line with expectations as trading improved in the UK and Europe and amid stronger orders from the US. Gross margin improved to 19.0% from 18.4% a year earlier. Operating profit before exceptional items rose £0.1m to £5.3m. Profit before tax and exceptional climbed 7.9% to £3.5m. Chief Executive Paul Fineman said: "The first half of the year has seen a number of positive operational developments across the group and we are pleased to report that all regions traded profitably during the period, with notable improved performance in the UK and Europe and a strong order book in the US. "We are particularly pleased to note the record levels of gift wrap production and profitable sales growth in Europe following the investment in our new, high definition printing facilities. This bodes well for the recently commenced project to bring similar technology to our gift wrap plant in Wales. This exciting initiative is on track and on budget to be operational in the Spring of 2014." The group said it has a robust order book for the full year 2013/14, in line with expectations. Its debt reduction programme remains on track with net debt level at £84.8m compared to £84.6m, including the capital investment in Wales.CJ
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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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