IG Design Group
IGR · AIM · Personal Care, Drug and Grocery Stores · mcap £84m · 98.6p
IG Design Group designs and makes celebration and gifting products such as wrapping paper, crackers, cards and party goods. After the 2025 disposal of DG Americas it sells mainly through its International division in the UK and Europe.
The case for
- FY2026 revenue, profit and cash all beat guidance that was itself raised; year-end net cash was about $72m. 30 Apr 2026 11 Feb 2026
- Dividend reinstated and buybacks launched, funded by surplus cash. 16 Jun 2026 25 Sep 2026
- Insiders bought shares, including the new CEO and CFO and founder Anders Hedlund; Fidelity raised its holding to about 15%. 8 May 2026 17 Jun 2026 9 Oct 2026
- Orderbook visibility was high and the bank facility gives headroom at improved terms. 2 Dec 2025 14 Jul 2025
The case against
- The group is much smaller: adjusted operating profit fell to £9.6m from £16.0m on lower revenue. 16 Jun 2026 29 Jul 2025
- The DG Americas sale left a big impairment and earlier customer bankruptcies; past targets such as 6% margin were abandoned. 29 Jul 2025 17 Jan 2025 25 Jun 2024
- Management's record on guidance was mixed in 2024-25, with a profit warning in January 2025. 26 Sep 2024 17 Jan 2025
- Management turnover: CEO left in 2025, new CEO from July 2026 and CFO change; UK demand headwinds and tariffs noted. 20 Jun 2025 20 Aug 2026 28 Oct 2025
Both sides use only facts from the company's announcements · not investment advice
Company filings. Not investment advice.