IG Design Group plc. (“Design Group”) has issued its trading update for Q3 and the crucial Christmas period. Trading has been strong with margin improvement across all geographies. Previously announced initiatives are all progressing as expected and the Group is confident that it will exceed market expectations for FY18 and continue to mitigate against any cost head-winds. Additionally, proposed tax changes in the US should result in an uplift to EPS forecasts from 2019, although this is not included in our forecast. We raise our EPS forecast to 21.5p (up 7%) for FY18 and to 23.6p (up 4.5%) for FY19.