IG Design (IGR ) has published a post close H1 trading update for the six months ending 30 September. Full-year guidance for FY25E remains unchanged from that provided in last month’s AGM trading update. Group revenue for H1 FY25E has declined around 11%, a slight improvement on the five-month figure, driven by persisting adverse trends in DG Americas (DGA). Cash generation has remained strong, with the group delivering a positive average cash balance for the period. The group expects the combination of continued business simplification, efficiency measures and cost savings initiatives to deliver a profit in H2FY25E, compared with a loss in H2 FY24.
IG Design: Progressive
Oct 29, 2024Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.