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21 Sep 2020 07:00
21 September 2020
IG Design Group plc
("Design Group", the "Company" or the "Group")
AGM Statement and Update
IG Design Group plc, one of the world's leading designers, innovators and manufacturers of celebrations, craft, gifting, stationery and creative play products, releases a trading update ahead of its Annual General Meeting at 10.00am today.
Following the strong start to the new financial year, which was announced on 28th July 2020, the Group has maintained good trading momentum with revenue and adjusted profit before tax on track to meet full year market expectations.
The business has begun delivering, on schedule, its pipeline of over $500 million orders and is building upon this with additional orders as expected.
The Directors remain optimistic about the Company's outlook, with revenue expected to increase year on year, including the impact of the CSS acquisition.
The Group plans to announce a more detailed post close trading update in relation to the six-month period ending 30 September 2020 in mid-October 2020.
For further information, please contact:
IG Design Group plc | Tel: 0152 588 7310 |
Paul Fineman, Chief Executive Officer | |
Giles Willits, Chief Financial Officer | |
Canaccord Genuity Limited (Nominated Adviser and Broker) | Tel: 0207 523 8000 |
Bobbie Hilliam, NOMAD Alex Aylen, Sales | |
Alma PR | Tel: 0203 405 0205 |
Rebecca Sanders-HewettSusie HudsonSam Modlin |
About IG Design Group plc
IG Design Group plc, the largest consumer gift packaging business in the world, is a designer, innovator and manufacturer of products that help people celebrate life's special occasions. Design Group works with more than 11,000 customers in over 80 countries throughout the UK, Europe, Australia and the USA.
Its products are found in over 210,000 retail outlets, including several of the world's biggest retailers, for example Walmart, Target, Amazon, Costco, Lidl and Aldi. Its brand, Tom Smith, also holds the Royal Warrant for the supply of Christmas crackers and Christmas wrapping paper to the Royal family. Design Group is a diverse business operating across multiple regions, categories, seasons and brands.
Its five major product categories are: Celebrations, Craft, Stationery and Creative Play, Gifting, and Not-for-resale consumables. It offers customers a full end-to-end service from design through to distribution, offering both branded and bespoke products from the value-focused through to the higher-margin ends of the market.
The Company was admitted to the Alternative Investment Market of the London Stock Exchange in 1995 under the name 'International Greetings plc' and rebranded to IG Design Group plc in 2016. For further information please visit www.thedesigngroup.com.
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