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IG Design forecasts record first-half revenues boosted by Impact acquisition

By BFN News | 09:45 AM | Tuesday 16 October, 2018


IG Design Group said Tuesday it expected to deliver 'record' first-half revenues supported by strong performance from the recently acquired Impact Innovations. 'The group will deliver record first half revenues with all regions on track to achieve year on year revenue and profit growth in the full year,' the company said. The company said reported overall revenue and margin, including the recent acquisition of Impact Innovations would be significantly up on the previous year, with growth across all regions. Impact Innovations had delivered a 'strong' post acquisition performance in September 2018 and progress to integrate the acquired business with the company's US-based business, IG Design Group Americas, was already underway and progressing well, IG Design said. The company said its forecast for full-year diluted earnings per share performance was in line with management expectations, delivering strong year-on-year growth. 'We are delighted with a very strong performance during the first half of the year and with good forward visibility of our order book we have strong momentum going into the second half of the year. We look forward to a full year of record revenues and profits,' said Paul Fineman, Chief Executive. 'We are especially encouraged with the strong performance of Impact and have 'hit the ground running' with progress already made to deliver operational and commercial synergies.' At 9:45am: (LON:IGR) IG Design share price was +17p at 515p Story provided by StockMarketWire.com

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