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IG Design - Down but not out for the count

January 2025

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.

  • Epic Code:
  • IGR
  • Price:
  • 153p
IG Design experienced a challenging H1, with sales declining by 11% to US$393m and adjusted profit down 62% year-on-year to US$14.7m. Speaking with CEO Paul Bal, it becomes clear that the US retail environment became increasingly competitive. H1 is seasonally its weaker half and ended up looking worse due to several factors at play.  Bal explained that Walmart, which represents about a third of US business, has shifted its focus more towards sell-through rates and margins than in the past and so bought less. Last year, Walmart reduced “everyday” stock, and this year’s reductions predominantly affected Christmas product lines. Additionally, a key craft retailer, Joann, filed for Chapter 11 bankruptcy, leading IG Design to restrict ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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