StockMarketWire.com - Gift packaging maker IG Design reported strong year-on-year growth in revenue and profit for the year to date, driven a mix of organic progress and the full year contribution from the Impact Innovations acquisition. The company's order book and production volumes were both ahead year on year and in line with management expectations, the company said. 'The group also continues to expect average leverage1 for FY20 to continue to reduce to about 1.1 times adjusted earnings (EBITDA) from 1.3 times a year earlier. In the US, the integration of Impact continued on plan with the restructuring of the manufacturing operations into Memphis now fully supporting the production and conversion activities of the combined US business, with the introduction of a new ultra-high speed printing press on site in November 2019 expected to provide a further boost. 'Our strong performance to date illustrates our ability to drive organic growth whilst also integrating a large acquisition and delivering the associated operational and financial benefits. The momentum throughout the business continues apace alongside good forward visibility of our order book going into the remainder of the year,' said Paul Fineman, Chief Executive.

At 9:40am: [LON:IGR] IG Design share price was +7p at 597p



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