IG Design Group plc, one of the world’s leading designers, innovators and manufacturers of gift packaging, greetings, stationery, creative play products and giftware, has given a trading update for the six month period to September 30 2019.
The Group reports a strong performance over the period and is on track to meet full year market expectations, with the business delivering double digit year-on-year growth in revenue and operating profit. The Group continues to deliver strong cash generation and expects to show further improvement compared with 2018 by the end of this year.
IG benefits from a strong order book and major commercial and operational initiatives and investments throughout the Group, which will support the growth going into FY21.
Commenting on the performance, Paul Fineman, Group CEO, said: ‘We are delighted with a strong start to the year and the continued momentum across the business, illustrated by the high level of orders going into the second half. Our robust financial performance is underpinned by the investments made in the business and the operational initiatives undertaken to increase efficiencies.
Our organic growth initiatives throughout the business position us well for FY21 and beyond. These together with an active pipeline of acquisition opportunities throughout all regions provides an exciting outlook for the future.”
The Group will announce its interim results on 26th November 2019.
