Investor Highlights

 

INVESTORS

Our key points of focus drive the Group forward and keep us reaching for the high standards and targets we set ourselves.

Our areas of primary focus are:

► Improved earnings attributable to shareholders, which we aim to achieve through top‑line growth and mix management in selected markets and channels together with strong cost and gross margin management

► Seeking out value-creating areas of investment so that we can sustain double-digit growth in earnings for shareholders

► Maintaining at prudent levels our average leverage measured as the ratio of average net debt to pre‑exceptional EBITDA, which we aim to achieve through strong and increasing profitability together with close management of our working capital and focused investment

 

 

FULL YEAR RESULTS

View IG Design Group plc (LON:IGR) full year results for the year ending 31 March 2017 in our annual report.

Download Annual Report 2017

 

 

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FINANCIAL HIGHLIGHTS

We are delighted to report a very strong performance for 2016/17.

Sales and profit have grown significantly both organically and through acquisition. Foreign exchange movements have further added to this growth with underlying profit before tax for the year up 51% in total to £16.3 million. Cash flow generated from operations was up 52% to £31.5 million allowing the Group to close the year with net cash of £3 million, its strongest position for over a decade.

It is particularly encouraging to again see the effect of our diversified portfolio at work with solid foundations for further growth and product diversification built in Australia and the UK while our businesses in the USA and Europe delivered excellent growth to both sales and profitability while simultaneously laying the groundwork to maintain momentum.

OUR FIGURES

 

Profit before tax, exceptional items and LTIP
(£million)(a)

Underlying diluted earnings per share
(pence)(b)

Cash generated from operations
(£million)

Net cash/(debt)
(£million)

(a) Profit before tax started after exceptional items of £1.1 million (2016: £nil) and LTIP changes of £2.2 million (2016: 30.9 million) is £13.0 million (2016: £9.9 million).

(b) Fully diluted earnings per share is stated after exceptional items of 0.4p (2016: nill) and LTIP changes of 2.8p (2016: 1.2p) is 15.0p (2016: 12.0p).

 

Operational highlights

 

Profits(a) in the US based business up 56% in local currency, through organic growth including a first full year’s payback on recent capital investments in manufacturing, and the successful integration of The Lang Group of Companies.
Winning a significant three-year commitment for the supply of greetings cards to Australia’s largest discount chain.

 

Excellent revenue and profits growth across all channels of business in Continental Europe.

Record levels of gift bag and greetings cards production in China.

 

A year of strong growth in the Celebrations product category in the UK. The unification of our three businesses under one overall leadership team will underpin future profits growth across all product categories.
(a) Profit before tax, exceptional items and LTIP charges.

 

 


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