<< Back to Research archive

Published on: November 23, 2021

Strong demand…offset by supply chain and cost headwinds

IG Design Group’s interim results reflect a challenging trading period despite strong underlying demand. Group revenue rose by 11% year on year (yoy) but was below group expectations due to global supply chain disruptions. Compounded by strong cost headwinds and inflationary pressures, this has had an adverse impact on profitability, notwithstanding the group’s strong cost control and cash management. The group is actively mitigating these pressures in conjunction with its customers. Customer service levels remain high, garnering positive feedback and awards from core customers, boding well for longer-term prospects beyond the shorter-term choppy waters.

Related Content