Greetings Today magazine, giving you the bigger picture

Bumper growth for IG Design

Profits rise 51% to £19.7m as company concentrate on Easter and Valentine’s Day

  

CARDS and gifts specialists IG Design group delivered soaring profits last year as they increased their focus on Easter and Valentine’s Day.

The Eversholt, Beds, headquartered business, who manufacture gifts, stationery and greetings cards, grew profits by 51 per cent to £19.7million in the year to March 31 2018, up from £13m in the previous 12 months as sales rose five per cent from £311m to £327.5m.
In a video presentation available on their website, CEO Paul Fineman (pictured) and chief financial officer Giles Willits give an indepth view of the group’s 2018 annual report, explaining they have been building revenues by increasing the percentage of sales made on events outside Christmas, with these holidays and festivities now accounting for almost half of the company’s total revenues.
“The increasing retail focus on celebrating Valentine’s, Easter and other non-Christmas occasions provides an exciting growth opportunity for all the business units across the group,” the report said.
They said the group had weathered the storm of rising costs in the retail market, and they continue to foresee sales growth from bricks and mortar retailers in the UK.
The company said: “This growth opportunity is underpinned by the excellent performance of our gift wrap and paper bag manufacturing operation in Wales, and card, bag and cracker production facility in Huizhou, China.”
Paul added that the group would continue to grow organically, but they are considering further mergers and acquisitions opportunities after their successful acquisition of Australian card and paper business Biscay last year.


T: 01525 887310
T: 01443 863500
www.thedesigngroup.com


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