IG Design Forecasts Profit Growth Amid Transformation

IG Design (GB:IGR) has released an update.

IG Design Group PLC reports a continued transformation with a focus on improving margins, expecting to exceed a 20% growth in adjusted profit for FY25, despite facing revenue declines, particularly in its DG Americas division. The company remains cash positive with a strong net cash position and anticipates a year-on-year increase in operating profit with margins above pre-pandemic levels. Strategic initiatives and mix improvements are projected to bolster second-half profitability.

For further insights into GB:IGR stock, check out TipRanks’ Stock Analysis page.