IG Design Group: Progressive
IG Design Group designs and manufactures gift packaging, giftware, celebrations, stationery and creative play products.
FY24 results well ahead of expectations – on course to hit operating margin target for FY25E
IG Design Group’s trading update for the year ended 31 March 2024 has exceeded market expectations in terms of both profitability and, most significantly, cash generation. The FY24 results confirm the progress the group has made on its strategic journey to simplify the business and improve operational efficiency. Notwithstanding ongoing uncertainty on the economic backdrop and consumer expenditure, the group remains confident of delivering its target of returning to its pre-Covid adjusted operating margin level (4.5%) for the year ending 31 March 2025 (FY25E).
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