Income Statement IG Design Group plc

Equities

IGR

GB0004526900

Paper Packaging

Delayed London S.E. Other stock markets 15:19:29 17/01/2025 GMT			5-day change	1st Jan Change
59.11 ^GBX	-58.52%		-59.25%	-60.72%

12:57pm	Panmure Liberum Downgrades IG Design to Hold, Cuts PT	MT
10:20am	IG Design shares dive on profit warning amid tough US retail market	AN

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Published financial data: IG DESIGN GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	494M	873M	965M	890M	800M
Total Revenues	494M	873M	965M	890M	800M
Cost of Goods Sold, Total	407M	722M	845M	757M	657M
Gross Profit	87.32M	152M	120M	133M	143M
Selling General & Admin Expenses, Total	61M	125M	117M	121M	114M
Other Operating Expenses	-735K	-803K	-746K	-1.45M	-403K
Other Operating Expenses, Total	60.26M	124M	117M	120M	114M
Operating Income	27.06M	28M	3.03M	13.34M	29.31M
Interest Expense, Total	-3.61M	-5.02M	-5.11M	-6.86M	-10.12M
Interest And Investment Income	-	-	-	-	1.06M
Net Interest Expenses	-3.61M	-5.02M	-5.11M	-6.86M	-9.06M
Other Non Operating Income (Expenses)	-709K	2K	3K	-18K	3.9M
EBT, Excl. Unusual Items	22.74M	22.98M	-2.07M	6.46M	24.16M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-14.13M	-15.4M	2.04M	-2.51M	-1.73M
Impairment of Goodwill	-	-	-	-29.1M	-
Gain (Loss) On Sale Of Assets	1.67M	-464K	-436K	4.6M	-238K
Insurance Settlements	-	-	-	1.5M	1.5M
Other Unusual Items	-10.02M	7.56M	2.67M	154K	154K
EBT, Incl. Unusual Items	263K	14.68M	2.2M	-18.9M	23.84M
Income Tax Expense	-14.55M	4.23M	2.52M	7.56M	-13.28M
Earnings From Continuing Operations	14.81M	10.44M	-316K	-26.46M	37.12M
Net Income to Company	14.81M	10.44M	-316K	-26.46M	37.12M
Minority Interest	-750K	-2.23M	-2.96M	-1.53M	-1.49M
Net Income - (IS)	14.06M	8.21M	-3.28M	-27.99M	35.62M
Net Income to Common Incl Extra Items	14.06M	8.21M	-3.28M	-27.99M	35.62M
Net Income to Common Excl. Extra Items	14.06M	8.21M	-3.28M	-27.99M	35.62M
Per Share Items
Net EPS - Basic	0.17	0.08	-0.03	-0.29	0.37
Basic EPS - Continuing Operations	0.17	0.08	-0.03	-0.29	0.37
Basic Weighted Average Shares Outstanding	82.6M	97.7M	98.12M	97.77M	96.85M
Net EPS - Diluted	0.17	0.08	-0.03	-0.29	0.37
Diluted EPS - Continuing Operations	0.17	0.08	-0.03	-0.29	0.37
Diluted Weighted Average Shares Outstanding	83.08M	98.14M	98.24M	97.77M	97.41M
Normalized Basic EPS	0.16	0.12	-0.04	0.03	0.14
Normalized Diluted EPS	0.16	0.12	-0.04	0.03	0.14
Dividend Per Share	0.09	0.12	0.02	-	-
Payout Ratio	50.53	137.54	-283	-	-
Supplemental Items
EBITDA	36.51M	44.61M	19.57M	28.62M	43.45M
EBITA	29.87M	31.07M	5.87M	16.09M	31.12M
EBIT	27.06M	28M	3.03M	13.34M	29.31M
EBITDAR	36.23M	44.76M	19.7M	28.74M	43.6M
Effective Tax Rate - (Ratio)	-5.53K	28.85	114.36	-40.02	-55.69
Total Current Taxes	-11.51M	6M	3.89M	6.98M	10.53M
Total Deferred Taxes	-3.04M	-1.77M	-1.37M	588K	-23.81M
Normalized Net Income	13.46M	12.13M	-4.26M	2.51M	13.61M
Interest on Long-Term Debt	1.61M	3.68M	3.48M	2.9M	2.34M
Non-Cash Pension Expense	-	-3K	-18K	-30K	-94K
Supplemental Operating Expense Items
Selling and Marketing Expenses	23.47M	46.17M	49.42M	47.1M	44.14M
General and Administrative Expenses	37.53M	78.34M	67.94M	74.08M	70.29M
Net Rental Expense, Total	-281K	153K	126K	121K	152K
Imputed Operating Lease Interest Expense	-95.41K	41.4K	35.46K	56.53K	101K
Imputed Operating Lease Depreciation	-186K	112K	90.54K	64.47K	51.28K
Stock-Based Comp., G&A Exp. (Total)	-202K	4.19M	-848K	-	-
Stock-Based Comp., Other (Total)	-	-	-	805K	1.5M
Total Stock-Based Compensation	-202K	4.19M	-848K	805K	1.5M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	67.1M	133M	50.18M	85.21M	157M
Total Cash And Short Term Investments	67.1M	133M	50.18M	85.21M	157M
Accounts Receivable, Total	77.72M	116M	115M	80.97M	77.56M
Other Receivables	15.15M	2.66M	2.14M	3.64M	3.04M
Total Receivables	92.87M	119M	117M	84.62M	80.6M
Inventory	114M	176M	231M	206M	165M
Prepaid Expenses	10.7M	13.07M	11.63M	10.21M	11.44M
Other Current Assets, Total	332K	207K	2.47M	340K	1.85M
Total Current Assets	285M	441M	413M	387M	417M
Gross Property Plant And Equipment	201M	276M	261M	242M	239M
Accumulated Depreciation	-59.11M	-92.36M	-94.92M	-102M	-112M
Net Property Plant And Equipment	141M	184M	166M	140M	126M
Goodwill	87.63M	88.96M	86.92M	55.32M	61.28M
Other Intangibles, Total	25.68M	25.91M	20.48M	16M	13.48M
Deferred Tax Assets Long-Term	14.62M	18.36M	16.32M	15.4M	39.1M
Other Long-Term Assets, Total	5.02M	5.72M	5.1M	5.65M	4.65M
Total Assets	560M	763M	707M	619M	661M
Liabilities
Accounts Payable, Total	90.82M	108M	139M	89.75M	83.3M
Accrued Expenses, Total	447K	300K	595K	504K	354K
Short-term Borrowings	25M	57.03M	20.38M	34.98M	63.66M
Current Portion of Long-Term Debt	5K	-327K	-322K	-250K	-700K
Current Portion of Leases	13.7M	19.34M	19.63M	17.47M	15.6M
Current Income Taxes Payable	4.4M	10.06M	7.36M	6.92M	12.36M
Unearned Revenue Current, Total	131K	424K	465K	263K	214K
Other Current Liabilities	47.98M	58.47M	42.69M	45.28M	47.06M
Total Current Liabilities	182M	253M	230M	195M	222M
Long-Term Debt	-177K	-103K	-20K	-	-817K
Long-Term Leases	63.24M	94.58M	80.22M	62.72M	51.75M
Unearned Revenue Non Current	452K	486K	523K	2.04M	1.84M
Deferred Tax Liability Non Current	1.06M	2.12M	381K	221K	150K
Other Non Current Liabilities	9.63M	21.27M	26.57M	24.54M	17.1M
Total Liabilities	257M	371M	337M	284M	292M
Common Stock, Total	4.82M	6.67M	6.37M	6.06M	6.2M
Additional Paid In Capital	172M	237M	226M	213M	218M
Retained Earnings	80.79M	114M	96.81M	68.03M	101M
Comprehensive Income and Other	41.38M	25.12M	32.15M	40.57M	36.88M
Total Common Equity	299M	384M	362M	328M	362M
Minority Interest	3.74M	8.5M	8M	6.53M	7.87M
Total Equity	303M	392M	370M	334M	369M
Total Liabilities And Equity	560M	763M	707M	619M	661M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	96.34M	96.83M	97.03M	96.99M	95.28M
ECS Total Common Shares Outstanding	96.34M	96.83M	97.03M	96.99M	95.28M
Book Value / Share	3.11	3.96	3.73	3.38	3.8
Tangible Book Value	186M	269M	254M	257M	287M
Tangible Book Value Per Share	1.93	2.77	2.62	2.64	3.01
Total Debt	102M	171M	120M	115M	129M
Net Debt	34.68M	37.76M	69.7M	29.7M	-27.88M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-482K	-1.09M	-1.38M	-2.02M	-2.18M
Debt Equivalent Oper. Leases	-2.25M	1.22M	1.01M	968K	1.22M
Minority Interest, Total (Incl. Fin. Div)	3.74M	8.5M	8M	6.53M	7.87M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	19.89M	23.22M	37.59M	36.14M	25.02M
Inventories - Work In Process, Total	20.18M	27.63M	28.92M	32.68M	25.91M
Inventories - Finished Goods, Total	74.38M	125M	164M	138M	114M
Land - (BS)	41.62M	54.08M	51.27M	50.34M	48.48M
Machinery, Total	92.19M	126M	123M	122M	131M
Full Time Employees	2.56K	4.09K	3.72K	3.09K	2.77K
Accumulated Allowance for Doubtful Accounts (Supple)	12.64M	9.98M	547K	1.74M	2.49M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	14.06M	8.21M	-3.28M	-27.99M	35.62M
Depreciation & Amortization - CF	13.66M	31.61M	28.99M	30.25M	28.8M
Amortization of Goodwill and Intangible Assets - (CF)	2.81M	3.08M	2.84M	2.75M	1.81M
Depreciation & Amortization, Total	16.47M	34.69M	31.83M	33M	30.6M
Amortization of Deferred Charges, Total - (CF)	990K	3.84M	2.98M	2.07M	1.22M
(Gain) Loss From Sale Of Asset	-1.67M	479K	436K	-4.6M	238K
(Gain) Loss on Sale of Investments - (CF)	343K	-2K	-3K	18K	-
Asset Writedown & Restructuring Costs	348K	5.97M	-327K	29.86M	-553K
Stock-Based Compensation (CF)	-202K	4.19M	-848K	805K	1.5M
Other Operating Activities, Total	-18.57M	21.92M	1.14M	1.87M	-16.32M
Change In Accounts Receivable	629K	-11.91M	-994K	36.93M	4M
Change In Inventories	705K	1.77M	-58.1M	17.79M	40.36M
Change In Accounts Payable	5.91M	-4.5M	21.24M	-43.35M	-18.97M
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	19.01M	64.65M	-5.92M	46.4M	77.71M
Capital Expenditure	-8.13M	-7.39M	-8.14M	-5.46M	-10.25M
Sale of Property, Plant, and Equipment	595K	147K	131K	6.81M	782K
Cash Acquisitions	-87.7M	-	-	-	-496K
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-3M	-1M	-381K	-368K	-442K
Other Investing Activities, Total	-	-	-	1.5M	-
Cash from Investing	-98.23M	-8.24M	-8.39M	2.48M	-10.41M
Short Term Debt Issued, Total	37.98M	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	37.98M	-	-	-	-
Short Term Debt Repaid, Total	-37.98M	-	-	-	-
Long-Term Debt Repaid, Total	-8.13M	-20.34M	-20.72M	-20.43M	-18.42M
Total Debt Repaid	-46.1M	-20.34M	-20.72M	-20.43M	-18.42M
Issuance of Common Stock	117M	-	-	-	-
Repurchase of Common Stock	-	-	-	-865K	-3.55M
Common Dividends Paid	-7.1M	-11.29M	-9.27M	-	-
Common & Preferred Stock Dividends Paid	-7.1M	-11.29M	-9.27M	-	-
Other Financing Activities, Total	-1.23M	-	-3.86M	-6.99M	-2.04M
Cash from Financing	100M	-31.63M	-33.85M	-28.28M	-24.02M
Foreign Exchange Rate Adjustments	1.4M	-1.25M	2.24M	-160K	193K
Net Change in Cash	22.64M	23.53M	-45.93M	20.44M	43.48M
Supplemental Items
Cash Interest Paid	4M	4.08M	4.63M	5.27M	4.54M
Cash Income Tax Paid (Refund)	4.75M	-14.35M	5.2M	7.31M	5.16M
Levered Free Cash Flow	-17.83M	38.5M	-17.17M	47.63M	72.02M
Unlevered Free Cash Flow	-15.57M	41.63M	-13.98M	51.91M	78.35M
Change In Net Working Capital	38.61M	10.2M	41.31M	-13.54M	-37.39M
Net Debt Issued / Repaid	-8.13M	-20.34M	-20.72M	-20.43M	-18.42M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.79	2.4	0.26	1.26	2.85
Return on Total Capital	5.21	3.29	0.36	1.78	3.86
Return On Equity %	6.19	2.72	-0.08	-7.52	10.54
Return on Common Equity	5.97	2.17	-0.88	-8.12	10.33
Margin Analysis
Gross Profit Margin %	17.67	17.37	12.4	14.95	17.92
SG&A Margin	12.34	14.26	12.16	13.61	14.3
EBITDA Margin %	7.39	5.11	2.03	3.21	5.43
EBITA Margin %	6.04	3.56	0.61	1.81	3.89
EBIT Margin %	5.48	3.21	0.31	1.5	3.66
Income From Continuing Operations Margin %	3	1.2	-0.03	-2.97	4.64
Net Income Margin %	2.84	0.94	-0.34	-3.14	4.45
Net Avail. For Common Margin %	2.84	0.94	-0.34	-3.14	4.45
Normalized Net Income Margin	2.72	1.39	-0.44	0.28	1.7
Levered Free Cash Flow Margin	-3.61	4.41	-1.78	5.35	9
Unlevered Free Cash Flow Margin	-3.15	4.77	-1.45	5.83	9.79
Asset Turnover
Asset Turnover	1.11	1.2	1.31	1.34	1.24
Fixed Assets Turnover	5.45	4.88	5.53	5.83	6.02
Receivables Turnover (Average Receivables)	8.11	8.23	8.35	9.07	10.09
Inventory Turnover (Average Inventory)	4.42	4.18	4.15	3.46	3.53
Short Term Liquidity
Current Ratio	1.56	1.74	1.8	1.98	1.88
Quick Ratio	0.88	0.99	0.73	0.87	1.07
Operating Cash Flow to Current Liabilities	0.1	0.26	-0.03	0.24	0.35
Days Sales Outstanding (Average Receivables)	45.1	44.35	43.72	40.24	36.26
Days Outstanding Inventory (Average Inventory)	82.76	87.41	87.87	105.39	103.61
Average Days Payable Outstanding	60.01	54.86	49.97	56.95	51.44
Cash Conversion Cycle (Average Days)	67.85	76.91	81.61	88.68	88.44
Long Term Solvency
Total Debt/Equity	33.58	43.5	32.43	34.37	35.04
Total Debt / Total Capital	25.14	30.31	24.49	25.58	25.95
LT Debt/Equity	20.8	24.1	21.69	18.76	13.78
Long-Term Debt / Total Capital	15.58	16.79	16.38	13.96	10.21
Total Liabilities / Total Assets	45.85	48.64	47.71	45.97	44.13
EBIT / Interest Expense	7.5	5.58	0.59	1.95	2.9
EBITDA / Interest Expense	12.06	12.49	6.82	6.76	5.92
(EBITDA - Capex) / Interest Expense	9.81	11.02	5.23	5.96	4.91
Total Debt / EBITDA	2.34	2.72	3.44	2.48	2.16
Net Debt / EBITDA	0.8	0.6	2	0.64	-0.47
Total Debt / (EBITDA - Capex)	2.88	3.08	4.49	2.81	2.61
Net Debt / (EBITDA - Capex)	0.98	0.68	2.61	0.73	-0.56
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.23	39.86	10.52	-7.75	-10.14
Gross Profit, 1 Yr. Growth %	3.25	38.36	-21.14	11.22	7.73
EBITDA, 1 Yr. Growth %	4.39	14.38	-56.38	23.58	-9.17K
EBITA, 1 Yr. Growth %	0.74	1.71