Retail & Consumer Services

IG Design Group plc

  • Market Cap (£m) 187.2
  • Listing AIM

Analysts

Company Description

IG Design Group is a global company that designs, manufactures and distributes products to help customers celebrate life's special occasions. Its product offering comprises five main categories: Celebrations (gift wrap, crackers, bags and cards), Gifting, Stationery, Craft & Creative Play and Not-for-resale consumables (mainly 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 70 countries. Its largest customer is Walmart, where IG Design has won Giga-Guru status for its work on supply chain carbon reduction.

Investment Summary

IG Design is a customer-focused, industry-leading operator in what remains a very fragmented global market. The group therefore has significant potential to grow further. Following two major US acquisitions, Impact and CSS, the primary focus of its growth strategy has returned to organic growth to deliver margin expansion and profit growth. Complementary acquisitions will be considered, either to increase scale in existing categories, or to gain market entry into new product categories, which can be leveraged across the wider group, driving further operating efficiencies. 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

  • Paul Bal

    CEO

    Paul joined the Board on 1 May 2022 as Chief Financial Officer and was subsequently appointed Chief Executive Officer on 1 April 2023. Paul joined the Board from Stock Spirits plc, 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 plc, Rothmans International Limited and the Tupperware Brands Corporation, Inc. before joining Stock Spirits plc.

  • Rohan Cummings

    Chief Financial Officer

    Rohan joined as Chief Financial Officer on 3 July 2023. Rohan joins from Devro plc (which was until recently listed on the LSE) where he has been the group’s CFO since 2020. During his tenure, Rohan was instrumental in the delivery of revenue growth and increased profitability. Prior to joining Devro, Rohan was Chief Financial Officer of Asahi International, part of Asahi Group Holdings, the Japanese listed beverage and food group. Between 2002 and 2016 Rohan held a range of international finance roles with SABMiller culminating as CFO of Birra Peroni in 2014. He played an important role in the carve out of the businesses acquired by Asahi Group in 2016 as part of the ABInbev acquisition of SABMiller. Rohan is a Chartered Accountant has a MBA and brings to the Board a broad finance and international background. Rohan is a commercially focused finance leader with a track record of making significant contributions to successful growth initiatives.

Key Dates

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
20th
Q2 TU
Actual
Nov 2022
30th
Interims
Actual
Apr 2023
20th
Q4 TU
Actual
Jun 2023
20th
Finals
Actual
Sep 2023
14th
AGM
Actual
Oct 2023
25th
Q2 TU
Actual
Nov 2023
28th
Interims
Actual
Apr 2024
30th
Q4 TU
Actual
Jun 2024
25th
Finals
Actual
Aug 2024
13th
AGM
Estimate
Oct 2024
25th
Q2 TU
Estimate
Nov 2024
28th
Interims
Estimate
Jun 2025
25th
Finals
Estimate