Posts in LSE:IGR

IG Design schedules AGM

IG Design Group will hold its annual general meeting at No 7, Water End Barns, Water End, Eversholt, Bedfordshire, MK17 9EA, on 31 August at 10 a.m.

At 9:40am: (LON:IGR) IG Design share price was +6.5p at 375p

Ig Design Group - Party Time

Another strong set of results from IG Design Group show the positive impact of its strategy of investment and innovation in design and delivery. Last year’s acquisition of Lang in the US has added product and customers, while the European operations are gaining additional benefit from the growth of their clients. A particularly strong cash performance has moved the balance sheet cash positive at the year-end, well ahead of schedule. The dividend has been raised from 2.5p in FY16 to a proposed 4.5p, with further rises on the cards underpinned by our raised FY18 and new FY19 estimates.
Edison Investment Research
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IG Design Group Plc

One growth stock I’d snap up and one I’d dump

If you're investing in growth stocks, the individual risk makes it more important to diversify your holdings, as even the best ones can get a bit overheated. Today I'm looking at one that I like, and one I'd definitely avoid.

IG Design Group (LSE:IGR), which used to be known as International Greetings, designs and manufactures gift packaging and stationery. And judging by the past few years of sparkling earnings growth, it's a very profitable business.

IG Design revenues jump in record year

IG Design Group's revenues rose by 31% to £311m in the year to the end of March.

The group said revenues were up 11% at like-for-like exchange rates and after removing the effect of an acquisition made during the year.

Underlying operating profit increased by 29% to £17.5m - up 6% at like-for- like exchange rates and after removing the effect of an acquisition made during the year.

Profit before tax rose by 32% to £13.0m while underlying profit before tax was up 51% at £16.3m.

Chief executive Paul Fineman said: "It is a great pleasure to once again be reporting a y

Two super growth stocks I’d buy today

While the stock market may be relatively high at the moment, some stocks seem to be undervalued by investors. Certainly, there may not be as many widespread bargains as there were before the current bull market commenced. However, a number of stocks with high growth rates continue to appear undervalued. Here are two prime examples which could be worth buying right now.

IG Design expects record revenues

IG Design Group has confirmed that revenues for the year ending 31 March were expected to achieve record levels and exceed £300m.

It also expected profitability to be ahead of current market forecasts.

The group said cash generation was well ahead of previously expected levels and such that the board's target of average annual leverage at less than 2.5x EBITDA would be achieved for the year ended 31 March 2017 - two years ahead of plan.

Ig Design Group - Outperformance In The Bag

IG Design has had a very good second half trading and has issued a year-end update indicating that numbers will exceed market estimates. We have lifted our FY17 and FY18 numbers by 8-10% at the pre-tax and EPS levels, following an 11% uplift to earnings with the interims. Particularly notable is the comment on strong cash flow, with the group reaching its target of average leverage less than 2.5x EBITDA two years ahead of plan. With the earnings and cash flow momentum, strong balance sheet and progressive dividend, there is good potential for further share price upside.
Edison Investment Research
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IG Design Group Plc

Design Group reports strong Christmas trading

IG Design Group reports strong trading in the third quarter which covers the key Christmas trading period to 31 December.

The group says that following the strong performance reported over the first six months ending 30 September, trading has continued to be strong during the Christmas period.

Results remain in line with the upgraded expectations announced in November, with all regions trading profitably. The board remains confident in the full year outlook of the group.

At 8:01am: (LON:IGR) IG Design share price was +17.5p at 265.5p

IG Design sales up

IG Design Group's sales rose by 21.5% to £145.5m in the six monhts to the end of September.

Organic growth represents 5.5% of this growth with foreign exchange translation effects accounting for 8.8% and our acquisition of Lang a further 7.1%. Overall phasing of delivery to customers is expected to be split equally between the two halves of the year.

Gross profit margins at 21.2% (2015 H1: 18.2%) were higher than the prior year, assisted by Lang which benefits from higher gross margins, albeit with a higher cost delivery model reflected in overheads.

Ig Design Group - Celebrating In Style

IG Design has delivered very good interims, with excellent organic growth supplemented by an outperforming acquisition and further boosted by currency. Order books for H217 and into FY18 reassure that top-line momentum continues, with operating efficiency gains helping offset the transactional effect on margin from currency. The group’s increased scale is accelerating pay-down of net debt, possibly eliminating it by end FY18. A 61% gain in the share price over the last six months reflects the market shifting its view of IG Design’s financial strength and dividend growth potential.
Edison Investment Research
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IG Design Group Plc