IG Design Group

IGR · AIM · Personal Care, Drug and Grocery Stores · mcap £89m · 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.

Target	Promise	Said	Status
2024
31 Mar 2024	FY2024 profits and margins in line with board expectations with good year-on-year growth.	28 Nov 2023	✓ Kept
	“Full year profits and margins expected to remain in line with the Board's expectations, with good growth year-on-year” Result April 2024 update and June results showed adjusted profit before tax of $25.9m versus $9.2m, ahead of expectations. “The Group expects to deliver adjusted profit before tax of $25.9m (FY23: $9.2m), which is ahead of market expectations.”30 Apr 2024 · Trading Update “Adjusted profit before tax is up 183% to $25.9 million (FY2023: $9.2 million).”25 Jun 2024 · Final Results
2025
29 Jul 2025	Update on DG Americas strategic options before full-year results.	30 Apr 2025	✓ Kept
	“an update could be expected before the publication of the full year results of the Group” Result DG Americas was sold to Hilco Capital in May 2025, before results. “As announced on 30th April 2025, the Board was reviewing strategic options for DGA, and has now concluded the Disposal is in the best interests of the Group and shareholders.”30 May 2025 · Disposal of DG Americas “pursuant to a share purchase agreement dated 30 May 2025 (the "SPA") it has agreed to sell its entire interest in Design Group Americas, Inc., a wholly owned subsidiary and the top company of the DG Americas ("DGA") division, to HUK 168 Limited (the "Buyer"), a special purpose vehicle and part of the Hilco Capital group”30 May 2025 · Disposal of DG Americas
2026
31 Mar 2026	FY2026 revenue of $270-280m with 3-4% adjusted operating margin.	29 Jul 2025	✓ Kept
	“The Group is targeting revenue in FY2026 of $270-280 million, with an adjusted operating margin of 3-4%” Also stated 28 Oct 2025 Result Guidance raised in February; FY2026 revenue was about $292m at a 4.4% margin, ahead of expectations. “The Group expects to report FY2026 revenues of c$292 million and adjusted operating profit of c$12.8 million, representing an adjusted operating margin of 4.4%”30 Apr 2026 · Trading Update and Acquisition of Glenart, S.A.
31 Mar 2026	Maintain cash in excess of $40m in FY2026.	29 Jul 2025	✓ Kept
	“The Group expects to maintain cash in excess of $40m” Result Year-end net cash was about $72m. “Cash has significantly exceeded expectations with year-end net cash of c$72 million.”30 Apr 2026 · Trading Update and Acquisition of Glenart, S.A.
16 Jun 2026	Update on capital allocation policy in FY2026 full-year results.	30 Apr 2026	✓ Kept
	“an update on the future capital allocation policy will be provided in our full-year results” Result June 2026 results proposed a dividend and launched a buyback programme. “The purpose of the Share Buyback Programme is set out in the full year results of the Company, published today, is return surplus capital to shareholders and to assist in the deliverability of sustainable shareholder returns.”16 Jun 2026 · Share Buyback Programme