IG Design(LSE:IGR) has been one of the most lucrative growth stocks for investors over the past five years.
Since April 2013, shares in the company have produced a total return of more than 800% excluding dividends. Including dividends, over the past five years, the stock has returned 60.4% per annum for investors.
IG Design Group said it expects full year financial performance in line with management expectations as trading accelerated in the second half of the year after all regions delivered strong revenue growth and increased profits.
The group's gross and net margins increased supported by strong performances across all of the company's global operations as previously flagged cost headwinds were mitigated.
IG Design Group plc (“Design Group”) has announced the sale of
property in Hirwaun, Wales. The property, which was used as
warehousing, has been sold to a power company that has exercised
a previously granted option to purchase. The cash proceeds of the
transaction amount to £2.5m, payable on completion and will result in
a £1.1m-£1.3m exceptional gain in Q4 of FY2018.
The utility sector is one of the market's most disliked industries at the moment. Razor thin margins, consumer distrust and potential political interference are all factors contributing to weak investor sentiment.
However, there's one company that has managed to shrug off these concerns and attract a high valuation thanks to its impressive growth.
IG Design Group plc. (“Design Group”) has issued its trading update
for Q3 and the crucial Christmas period. Trading has been strong with
margin improvement across all geographies. Previously announced
initiatives are all progressing as expected and the Group is confident
that it will exceed market expectations for FY18 and continue to
mitigate against any cost head-winds. Additionally, proposed tax
changes in the US should result in an uplift to EPS forecasts from
2019, although this is not included in our forecast. We raise our EPS
forecast to 21.5p (up 7%) for FY18 and to 23.6p (up 4.5%) for FY19.
IG Design Group has upgraded its guidance following strong trading up to and throughout the Christmas period.
The group said it expects to deliver record revenues in FY18 with the continued expansion of its global footprint outside the UK.
It said: 'All regions are on track to achieve year on year revenue and profit growth and we are therefore pleased to upgrade the group's full year performance with diluted earnings per share expected to be ahead of current market expectations and delivering strong year-on-year growth.