IG Design (LON:IGR) H1 presentation video by Paul Fineman, CEO
http://www.piworld.co.uk/2016/11/28/ig-design-group-igr-h1-results-september-2016/
(Length: c 4.5 mins)
Sales, profits and EPS are all up; EPS by 50%.
Of the 21% growth in sales: 5.5% is organic, 7.5% due to Laing and 8% due to foreign exchange movements.
Profit is up across all territories.
The Laing acquisition is integrating well, with expected synergies.
The outlook is very strong: the business has momentum, and it’s getting stronger. They are cash generative, with reduced debt. There has been consistent EPS growth, which will continue; and the dividends are increasing.
Great result and I brought some more this morning, so now 3rd biggest holding.
My summary notes from RNS/Video: Significant H1 sales and earnings beat aided by exchange rates and Lang acquisition. Strong Xmas sales forfilled and very strong 2017/18 outlook. As ever please DYOR Ian
