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.

Target	Promise	Said	Status
2025
31 Mar 2025	Return adjusted operating margin to at least 4.5% (pre-pandemic level) by end of FY2025.	25 Oct 2023	✗ Missed
	“we remain confident that we will restore, by 31 March 2025, the Group's adjusted operating profit margin to at least the 4.5%” Also stated 28 Nov 2023 · 30 Apr 2024 · 25 Jun 2024 · 26 Sep 2024 Result January 2025 warning put FY25 profit near break-even; FY25 adjusted operating profit was $5.2m on $729m revenue, well below 4.5%. “Whilst the Group was on track to deliver its strategic expectations of returning margins to above proforma pre-pandemic levels of at least 4.5% in FY25, this will now not be realised and our aspirations will have to be re-planned and re-set”17 Jan 2025 · Trading Update
31 Mar 2025	Deliver FY2025 sales of $825m at 5.0% adjusted operating margin.	28 Nov 2023	✗ Missed
	“Our FY2025 aspirations are sales of $825.0 million at a 5.0% adjusted operating margin” Result FY25 revenue was $729.3m and adjusted operating profit $5.2m, far below the aspiration. 29 Jul 2025 · Final Results
31 Mar 2025	FY25 adjusted profit growth in excess of 20% year-on-year.	26 Sep 2024	✗ Missed
	“FY25 adjusted profit expected to deliver in excess of 20% year-on-year growth” Result January 2025 warning cut FY25 adjusted profit to around break-even; adjusted profit before tax was about $1m. “FY25 adjusted profit is now expected to be significantly impacted, with profit delivery for the full year around break-even, and well below last year”17 Jan 2025 · Trading Update “The Group expects to report an adjusted profit before tax of c$1 million, which is also in line with those expectations.”30 Apr 2025 · Trading Update
31 Mar 2025	Deliver a profit in the second half of FY2025 versus a loss in the prior year.	29 Oct 2024	✗ Missed · target changed
	“we expect to deliver a profit in that period, compared to a loss in that period last year” Also stated 26 Nov 2024 Result January 2025 warning cut full-year profit expectations to near break-even, with customer bankruptcy provisions of about $15m. “FY25 adjusted profit is now expected to be significantly impacted, with profit delivery for the full year around break-even, and well below last year”17 Jan 2025 · Trading Update
Today · 11 Oct 2026
2027
31 Mar 2027	Annual sales around $900m with adjusted operating margin over 6% by March 2027.	25 Jun 2024	✗ Missed · target changed
	“by 31 March 2027, the Group should have delivered three consecutive years of profitable sales growth, with targeted annual sales around $900 million by that time; whilst delivering an adjusted operating profit margin of over 6%” Result After the DG Americas sale, targets were replaced by $270-280m revenue at 3-4% margin for FY2026, then 4-5% margin beyond. “The Group is therefore targeting revenue in FY2026 of $270-280 million, with an adjusted operating margin of 3-4%. Beyond this, the Group is targeting low single digit revenue growth and an improvement in adjusted operating margin to 4-5%.”29 Jul 2025 · Final Results