IG Design (GB:IGR) has released an update.
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IG Design Group reported an 11% revenue decline for the first half of 2024, driven by subdued consumer demand and competitive retail environments, particularly in the US. Despite these challenges, the company is implementing strategic initiatives, including restructuring and operational improvements, to boost profitability in the second half of the year. The Group remains optimistic about restoring pre-pandemic profit margins, supported by strong cash management and strategic customer relationships.
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