IG Design (GB:IGR) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
IG Design Group PLC reports a continued transformation with a focus on improving margins, expecting to exceed a 20% growth in adjusted profit for FY25, despite facing revenue declines, particularly in its DG Americas division. The company remains cash positive with a strong net cash position and anticipates a year-on-year increase in operating profit with margins above pre-pandemic levels. Strategic initiatives and mix improvements are projected to bolster second-half profitability.
For further insights into GB:IGR stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money