STRONG 2020 REVENUE GROWTH AND A ROBUST START TO 2021

The resilience, adaptability and enterprising nature of our business has been fully tested during the year by the global pandemic and unprecedented trade tariffs. Notwithstanding this, we have delivered good revenue growth and reduced average leverage, below 1x.

Despite these challenges it has also been a year of exciting opportunities, including our largest ever acquisition, which provides significant scope for future expansion as well as considerable integration and synergy benefits.

More than ever before, our customers value the portfolio of expertise, products, brands and services that we provide. Our commitment to providing quality and value, innovation and compliance as well as our ever- improving sustainability credentials, have further enhanced our relationships with many of the world’s most successful retailers.

Whilst the period ahead remains uncertain our orderbook exceeds $500 million and we are confident in not only our resilience, but our ability to return to significant growth. By ‘Working with the winners’ – customers, suppliers, product categories and brands – our team is well placed to continue to deliver value to shareholders into the future.

Paul Fineman
Group CEO
Giles Willits
Group CFO

Download 2020 Full Year Results

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Full Year Results Presentation

Delivering Our Commitment to Shareholders

Results Highlights

Delivering Growth

Adjusted EPS

Aim to deliver double digit three year compound annual growth

Through organic growth and acquisitions
  • 2016:

    13.1

  • 2017:

    18.4

  • 2018:

    21.9

  • 2019:

    29.1

  • 2020:

    26.9

Adjusted EPS (pence).
3 year CAGR: 13%.
2020 reported diluted earnings per share 16.9p (2019: 15.9p).

Revenue

£494.2m

+10%
2019: £448.4m

Adjusted profit before tax

£29.1m

2019: £30.3m

Reported profit before tax

£0.3m

2019: £17.3m

Generating cash

Average leverage

Sustain long term average leverage between 1.0x and 2.0x

Provides capacity for future investment
  • 2016:

    3.2x

  • 2017:

    2.3x

  • 2018:

    1.5x

  • 2019:

    1.3x

  • 2020:

    0.9x

Average leverage.

Average bank debt

£34.6m

2019: £48.8m

Adjusted EBITDA

£48.1m

+24%
2019: £38.7m

Adjusted EBITDA pre IFRS16

£40.2m

+4%
2019: £38.7m

Improving returns

Dividend

Trend upwards until 2.5x covered (40% pay out)

Increased shareholder distributions
  • 2016:

    2.5

  • 2017:

    4.5

  • 2018:

    6.0

  • 2019:

    8.5

  • 2020:

    8.75

Dividends (pence)

Cash conversion

84.4%

2019: 130.5%

Return on capital employed

21.6%

2019: 24.3%

Design Group

Our Business at a Glance

We’re all around the world

We’re truly international, with 11,000 customers selling our products through over 210,000 stores across more than 80 countries, we enjoy considerable market presence around the world.

Revenue by Destination

 


 

 

Focused on our five major product categories of Celebrations, Gifting, Craft and creative play, Stationery and ‘Not-for-resale’ consumables, we leverage our Group size and expertise whilst retaining local market knowledge and relationships through our local businesses.

Revenue by Season

 

 


 

Revenue by Category

 


Revenue by Source

 

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PI World Interview

IG Design Group Plc

We are Design Group: We transform paper and a whole lot more into products that help the world celebrate life’s special occasions.

Download 2020 Full Year Results