Updates

IG Design - Design led creative play boosts sales

August 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

A string of new highs during the month followed results for the year to end March. Overall sales went up a third to £311m (11% on constant currency and excluding the Lang acquisition). Pretax profit grew 51% to £16.3m for eps up 38% to 18.2p. IGR also ended the year debt free with a cash balance of £3m, a sharp swing from the £17.5m debt a year ago.These results show four things were driving profits sharply higher; (1) more overseas sales (now 73% of the total versus 66%) has meant the company is benefiting from the weaker pound as it translates its overseas earnings; (2) organic growth from its design-led stationery, creative play and gifting products, which are higher margin than the celebratio ...

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