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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.

On a roll

Update | Consumer Support Services | 25/04/2014

The year-end trading update confirms that the group will have delivered profits in line with market forecasts, albeit with a different geographic split. The performance on cash generation has been better than we were anticipating and the focus on debt reduction will result in a figure below our £44m forecast, despite the recent major capital expenditure. This should reassure the market that the balance sheet improvement is in hand and but not at the expense of future growth potential. The shares remain modestly priced given that the return on all the hard work should start to become apparent in what is now the current financial year.

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