IG Design has published a post close H1 trading update for the six months ending 30 September. Full-year guidance for FY25E remains unchanged from that provided in last month’s AGM trading update. Group revenue for H1 FY25E has declined around 11%, a slight improvement on the five-month figure, driven by persisting adverse trends in DG Americas (DGA). Cash generation has remained strong, with the group delivering a positive average cash balance for the period. The group expects the combination of continued business simplification, efficiency measures and cost savings initiatives to deliver a profit in H2 FY25E, compared with a loss in H2 FY24.

29 Oct 2024
PROGRESSIVE: IG Design Group - Unchanged outlook on H1 trading update

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PROGRESSIVE: IG Design Group - Unchanged outlook on H1 trading update
IG Design Group plc (IGR:LON) | 60.0 0 0.0% | Mkt Cap: 59.0m
- Published:
29 Oct 2024 -
Author:
David Jeary -
Pages:
3 -
IG Design has published a post close H1 trading update for the six months ending 30 September. Full-year guidance for FY25E remains unchanged from that provided in last month’s AGM trading update. Group revenue for H1 FY25E has declined around 11%, a slight improvement on the five-month figure, driven by persisting adverse trends in DG Americas (DGA). Cash generation has remained strong, with the group delivering a positive average cash balance for the period. The group expects the combination of continued business simplification, efficiency measures and cost savings initiatives to deliver a profit in H2 FY25E, compared with a loss in H2 FY24.