Industrials & Support Services

IG Design plc

Market Cap (£m) 132.3
Listing AIM

Company Description

IG Design Group is a global company, which designs, manufactures and distributes products that help customers to celebrate life's special occasions. Its product offering comprises five main product categories: Celebrations (gift wrap, crackers, bags and cards), Gifting, Stationery, Craft & Creative Play, and Not-for-resale consumables (principally paper bags for retailers). The group produces both own design and licensed product. IG Design works with more than 11,000 customers globally and its products are stocked in more than 210,000 retail outlets in over 80 countries. Of its FY20 revenue, 35% was manufactured in-house and 65% was sourced externally. Its biggest market, following the acquisitions of Impact Innovations in 2018 and of CSS Industries in 2020, is the USA, followed by the UK, Europe and Australia.

Investment Summary

IG Design is a customer-focused, industry leading operator in what remains a very fragmented global market. The group therefore has significant opportunities to grow, both organically and through acquisition. Acquisitions deliver either increased scale in existing categories, or new product categories and/or new retail customers, which can be leveraged across the wider group, driving further operating efficiencies. The significant Impact and CSS acquisitions have been swiftly and successfully integrated, delivering synergy benefits ahead of target and schedule. The group’s three strategic pillars to deliver sales and profit growth are working with retail winners, design & innovation and efficiency & scale. The group’s experienced management team has a strategic and focused approach to delivering increased shareholder value with clearly defined and quantified Key Performance Indicators.

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Company Management Team

  • Lance Burn

    Interim COO

    Lance joined the Board in October 2012. Lance is the CEO of Design Group Americas and Design Group International. Lance’s previous roles included directing businesses for Rank Hovis McDougall plc, Saint Gobain Solaglas UK and also international overseas‑based roles for PepsiCo International in Africa and India. Managing businesses both in the UK and abroad across a number of industry sectors. Business integration and overseas operations.

  • Paul Bal

    Chief Financial Officer

    Paul joined the Board in May 2022. He joined the Board from the Stock Spirits, where he was CFO since 2017. Paul was instrumental in the turnaround of the then LSE-listed group, leveraging his experience in the management of a complex portfolio of over 70 brands selling across 50 markets. Qualifying as a Chartered Accountant in England and Wales in 1993 and a Fellow since 2005, Paul has had an international career. He held global and regional management roles within British American Tobacco, Rothmans International and the Tupperware Brands Corporation before joining Stock Spirits.

Key Dates

Aug 2019
28th
Q1 TU
Actual
Sep 2019
11th
AGM
Actual
Oct 2019
17th
CMD
Actual
Nov 2019
26th
Interims
Actual
Mar 2020
4th
Q3 TU
Actual
Apr 2020
30th
Q4 TU
Actual
Jul 2020
28th
Finals
Actual
Aug 2020
28th
Q1 TU
Estimate
Sep 2020
21st
AGM
Actual
Oct 2020
19th
Q2 TU
Actual
Nov 2020
24th
Interims
Actual
Jan 2021
25th
Q3 TU
Actual
Apr 2021
20th
Q4 TU
Actual
Jun 2021
15th
Finals
Actual
Aug 2021
24th
Q1 TU
Actual
Sep 2021
20th
AGM
Actual
Oct 2021
26th
Q2 TU
Actual
Nov 2021
23rd
Interims
Actual
Jan 2022
26th
Q3 TU
Actual
Apr 2022
27th
Q4 TU
Actual
Jun 2022
28th
Finals
Actual
Sep 2022
22nd
AGM
Actual
Oct 2022
26th
Q2 TU
Estimate
Nov 2022
23rd
Interims
Estimate
Jan 2023
26th
Q3 TU
Estimate
Apr 2023
27th
Q4 TU
Estimate
Jun 2023
28th
Finals
Estimate