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IG Design Group (IGR)

Business description

IG Design Group is one of the world's leading designers, innovators and manufacturers of gift packaging and greetings, social expression giftware, stationery and creative play products.

Christmas happy

Flash note | Consumer Support Services | 29/01/2014

The update indicates that International Greetings traded well over the important Christmas period and that the group is on track to meet forecasts for the year. Cash performance has been better than anticipated, despite the substantial capital expenditure programme, and net debt at end March should be lower than our current estimate of £44m. FY15 should be when the hard work starts to pay off and profits lift off the current plateau, with the payment of dividend approaching, emphasising the low rating.

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