IG Design Group has delivered a strong set of interim results, in line with the guidance given in its August and October trading updates. Reported revenue and adjusted operating both rose by 21% in the period, along with a further reduction in net debt. The interim dividend has been raised as a consequence by 20%. The group is making good progress on mitigating both the US-China trade tariff headwinds and ongoing Brexit uncertainties. Combined with good visibility on its forward order book into peak season, the group remains on track to meet full year market expectations.
26 Nov 2019
Double bubble with double digit growth … …in both sales and operating profits
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Double bubble with double digit growth … …in both sales and operating profits
IG Design Group plc (IGR:LON) | 122 1.8 1.2% | Mkt Cap: 119.4m
- Published:
26 Nov 2019 -
Author:
David Jeary -
Pages:
8
IG Design Group has delivered a strong set of interim results, in line with the guidance given in its August and October trading updates. Reported revenue and adjusted operating both rose by 21% in the period, along with a further reduction in net debt. The interim dividend has been raised as a consequence by 20%. The group is making good progress on mitigating both the US-China trade tariff headwinds and ongoing Brexit uncertainties. Combined with good visibility on its forward order book into peak season, the group remains on track to meet full year market expectations.