Design Group Share News (IGR)

AIM WINNERS & LOSERS: Deltic warns on Pensacola; IG Design profit beat

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

IG Design says annual profit multiplied thanks to turnaround strategy

(Alliance News) - IG Design Group PLC on Tuesday said it expects to report an annual profit that multiplied from the year before, as it pointed to "good progress" in its turnaround strategy, although revenue fell.

IG Design delivers 'significant growth' in FY profits

(Sharecast News) - Greeting cards manufacturer IG Design said on Tuesday that it had experienced "significant growth" in profit and strong cash flows in the year ended 31 March, ahead of expectations.

EARNINGS: Altitude swings to profit; Kinovo profit surges

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

UK earnings, trading statements calendar - next 7 days

IG Design shares rise as backs full-year expectations

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

Canaccord Genuity reiterates 'buy' rating on IG Design

(Sharecast News) - Analysts at Canaccord Genuity reiterated their 'buy' rating on consumer products manufacturer IG Design Group on Wednesday, saying the firm's interim trading update detailed "a robust financial performance" in what remain "challenging market conditions".

AIM WINNERS & LOSERS: Ethernity Networks surges as withdraws settlement

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

IG Design sees 'significant growth' in profits

(Sharecast News) - Stationery and gifts manufacturer IG Design Group said on Wednesday that it had seen "significant growth" in both profit and margins in the six months ended 30 September.

UK shareholder meetings calendar - next 7 days

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

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.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: IG Design jumps as refinances lending facilities

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 - Negotiates a three-year refinancing of its lending facilities with HSBC Holdings PLC and NatWest Group PLC for USD125 million. Company also extends its overdraft facility with HSBC. The new facility replaces its previous revolving credit facilities agreed in 2019. Says the facility provides "more than sufficient" headroom to fund its working capital needs over the three years.

IN BRIEF: IG Design hires Devro CFO Rohan Cummings as new finance head

IG Design Group PLC - Milton Keynes, England-based manufacturer and designer of gift packaging, stationery, and craft-related products - Hires Rohan Cummings as chief financial officer starting July 3. Cummings has been CFO of Devro Ltd since 2020. Devro provides collagen casings for food and had been a London-listed firm as Devro PLC. He will be replacing Paul Bal, who was promoted to IG Design's chief executive officer in April.

IG Design cautions "deteriorated trading" will likely impact results

(Alliance News) - IG Design Group PLC on Thursday said its performance in the year ended March 31 was ahead of expectations, despite troubles in its Americas division.