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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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IG Design - Upgrades guidance again

January 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • IGR
  • Price:
  • 551p
IG Design has released its FY’19 interims, which demonstrate a stellar performance ahead of expectations. Revenue grew 23% year on year to £205.2m, benefiting from organic growth and the Impact acquisition in the US (c. £33m contribution). Underlying profits increased 71% to £19m with margins expanding a whopping 260 basis points to 9.3% due to product mix, increased scale and operational efficiencies. Net debt was £100m with average leverage (net debt / EBITDA) down from 1.9x to 1.3x.There was growth across all regions with the USA (49% group sales) growing turnover 44% to US$131.6m, driven by Impact Innovations, which expanded operating margins by 2.1% to 10.3%. Synergies are expected either on time ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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