IG Design Group PLC AGM Statement and Update (5061Z)
21 Septembre 2020 - 8:00AM
UK Regulatory
TIDMIGR
RNS Number : 5061Z
IG Design Group PLC
21 September 2020
21 September 2020
IG Design Group plc
("Design Group", the "Company" or the "Group")
AGM Statement and Update
IG Design Group plc, one of the world's leading designers,
innovators and manufacturers of celebrations, craft, gifting,
stationery and creative play products, releases a trading update
ahead of its Annual General Meeting at 10.00am today.
Following the strong start to the new financial year, which was
announced on 28(th) July 2020, the Group has maintained good
trading momentum with revenue and adjusted profit before tax on
track to meet full year market expectations.
The business has begun delivering, on schedule, its pipeline of
over $500 million orders and is building upon this with additional
orders as expected.
The Directors remain optimistic about the Company's outlook,
with revenue expected to increase year on year, including the
impact of the CSS acquisition.
The Group plans to announce a more detailed post close trading
update in relation to the six-month period ending 30 September 2020
in mid-October 2020.
For further information, please contact:
IG Design Group plc Tel: 0152 588
7310
Paul Fineman, Chief Executive Officer
Giles Willits, Chief Financial Officer
Canaccord Genuity Limited (Nominated Adviser Tel: 0207 523
and Broker) 8000
Bobbie Hilliam, NOMAD
Alex Aylen, Sales
Alma PR Tel: 0203 405
0205
Rebecca Sanders-Hewett
Susie Hudson
Sam Modlin
About IG Design Group plc
IG Design Group plc, the largest consumer gift packaging
business in the world, is a designer, innovator and manufacturer of
products that help people celebrate life's special occasions.
Design Group works with more than 11,000 customers in over 80
countries throughout the UK, Europe, Australia and the USA.
Its products are found in over 210,000 retail outlets, including
several of the world's biggest retailers, for example Walmart,
Target, Amazon, Costco, Lidl and Aldi. Its brand, Tom Smith, also
holds the Royal Warrant for the supply of Christmas crackers and
Christmas wrapping paper to the Royal family. Design Group is a
diverse business operating across multiple regions, categories,
seasons and brands.
Its five major product categories are: Celebrations, Craft,
Stationery and Creative Play, Gifting, and Not-for-resale
consumables. It offers customers a full end-to-end service from
design through to distribution, offering both branded and bespoke
products from the value-focused through to the higher-margin ends
of the market.
The Company was admitted to the Alternative Investment Market of
the London Stock Exchange in 1995 under the name 'International
Greetings plc' and rebranded to IG Design Group plc in 2016. For
further information please visit www.thedesigngroup.com.
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END
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