IG Design Group PLC Trading Update (4757D)
20 Outubro 2022 - 3:00AM
UK Regulatory
TIDMIGR
RNS Number : 4757D
IG Design Group PLC
20 October 2022
20 October 2022
IG Design Group Plc
('Design Group' or the 'Group')
Trading Update for the 6 months ended 30 September 2022
IG Design Group plc, one of the world's leading designers,
innovators and manufacturers of Gift Packaging, Celebrations, Craft
& Creative Play, Stationery, Gifting and related product
categories provides a Trading Update ahead of the announcement of
its results for the six months ended 30 September 2022 ('the
period').
Both of the Group's divisions, DG Americas and DG International,
experienced strong trading over the period. As a result, the
Group's sales, profits, margins and cash flow are expected to be
significantly improved on the same period last year, and also ahead
of the Board's expectation for the period. The main reason for this
performance is that many customers have brought forward their
seasonal ordering so as to avoid the supply chain challenges
experienced in the second half of calendar year 2021. This
performance reflects the strong relationships that have been
sustained with customers and the ongoing demand for the Group's
products.
Given the bring-forward of orders during this period, the Board
believes the trading results for the full year to 31 March 2023
will have a strong first half weighting, but overall will remain in
line with the Board's expectations for the year as a whole. This
represents a small year-on-year improvement in profits compared to
the prior financial year. The Board's outlook continues to reflect
ongoing input cost inflation and signs of a general downturn in
consumer sentiment across all of our markets as a result of the
tougher economic environment.
Further details on the performance over the period, along with
an updated outlook, will be set out with the period's results which
will be published on 30 November 2022.
Results Presentation
Management will be hosting a webinar for analysts on Wednesday
30(th) November 2022 at 9:00am. If you would like to register,
please contact designgroup@almapr.co.uk
In addition, management will be hosting a webinar for retail
investors on Wednesday 30th November 2022 at 12:00. Investors can
register for the webinar via: https://bit.ly/IGR_H1_results
For further information, please contact:
IG Design Group Plc Tel: +44 (0)1525 887310
Stewart Gilliland, Interim Executive
Chair
Paul Bal, CFO
Canaccord Genuity Limited (Nomad Tel: +44 (0)20 7523
and Broker) 8000
Bobbie Hilliam
Gerel Bastin
Alma PR Tel: +44 (0)20 3405
Sam Modlin 0209
Josh Royston designgroup@almapr.co.uk
Pippa Crabtree
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END
UPDFLFVDILLALIF
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October 20, 2022 02:00 ET (06:00 GMT)
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