IG Design: Progressive
08:59, 29th October 2024
Progressive Research
Company Broker Research
(IGR ) has published a post close H1 trading update for the six months ending 30 September. Full-year guidance for FY25E remains unchanged from that provided in last month’s AGM trading update. Group revenue for H1 FY25E has declined around 11%, a slight improvement on the five-month figure, driven by persisting adverse trends in DG Americas (DGA). Cash generation has remained strong, with the group delivering a positive average cash balance for the period. The group expects the combination of continued business simplification, efficiency measures and cost savings initiatives to deliver a profit in H2FY25E, compared with a loss in H2 FY24.
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