IG Design Group’s interim results reflect a challenging trading period despite strong underlying demand. Group revenue rose by 11% year on year (yoy) but was below group expectations due to global supply chain disruptions. Compounded by strong cost headwinds and inflationary pressures, this has had an adverse impact on profitability, notwithstanding the group’s strong cost control and cash management. The group is actively mitigating these pressures in conjunction with its customers. Customer se ....
23 Nov 2021
Strong demand… …offset by supply chain and cost headwinds
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Strong demand… …offset by supply chain and cost headwinds
IG Design Group plc (IGR:LON) | 118 0 0.0% | Mkt Cap: 115.5m
- Published:
23 Nov 2021 -
Author:
Gareth Evans | David Jeary -
Pages:
8
IG Design Group’s interim results reflect a challenging trading period despite strong underlying demand. Group revenue rose by 11% year on year (yoy) but was below group expectations due to global supply chain disruptions. Compounded by strong cost headwinds and inflationary pressures, this has had an adverse impact on profitability, notwithstanding the group’s strong cost control and cash management. The group is actively mitigating these pressures in conjunction with its customers. Customer se ....