Trading Update

In brief · summary, not quotable

First-half revenue £109m, up 12% with 8% organic growth; adjusted operating profit £5.7m, on track for FY2027 guidance.

vs expectations: in line

Revenue c.£109 million (prior prior year c.£98 million)
Organic growth c.8%
Adjusted operating profit c.£5.7 million (prior £4.2 million)
Net cash balance c.£1.5 million

Full announcement

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IG Design Group plc, a leading designer, innovator and manufacturer across various celebration and creative categories, announces its post-close trading update ahead of the release of its unaudited results for the six months ended 30 September 2026 ('the period').

Trading Update

The Board is pleased to report that the Group has delivered a strong first-half performance and remains on track to deliver FY2027 results in line with market expectations*.

Revenue for the period was c.12% ahead of the prior period at c.£109 million, including c.8% organic growth (excluding the impacts of the Glenart acquisition and translational FX). Adjusted operating profit increased to c.£5.7 million from £4.2 million in the prior year period. These improvements reflect positive trading momentum and effective execution of the Group's strategic priorities including the winning of incremental customer tenders which benefited the period

Glenart has performed well since acquisition and continues to trade in line with the Board's expectations.

The Group had a net cash balance of c.£1.5 million at 30 September 2026. Cash generation during the period was robust, with underlying cash outflow largely in line with the prior period.

Outlook

Under the Group's new leadership team, work is progressing well to refine the Group's strategic priorities and medium-term growth plans. A comprehensive update will be provided within the Interim Results.

While mindful of ongoing macroeconomic uncertainty, the Board remains confident in the outlook for the Group and expects to deliver FY2027 results in line with guidance.

*Market consensus: revenue £222 million and adjusted operating margin 4.8%.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.