IG Design maintains solid momentum in new financial yeat
Celebrations, gifting and stationery designer and manufacturer IG Design Group updated the market on its trading on Monday, reporting that it had maintained “good” trading momentum since the start of its new financial year.
The AIM-traded firm, which was holding its annual general meeting, said its revenue and adjusted profit before tax remained on track to meet full-year market expectations.
“The business has begun delivering, on schedule, its pipeline of over $500m (£389.21m) orders and is building upon this with additional orders as expected,” the board said in its statement.
“The directors remain optimistic about the company's outlook, with revenue expected to increase year on year, including the impact of the CSS acquisition.”
IG Design Group said it was planning to announce a more detailed post-close trading update in relation to the six-month period ending 30 September in mid-October.
At 1224 BST, shares in IG Design were down 3.23% at 420p.