IG Design Group plc (IGR) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the 2026 interim results presentation for IG Design Group PLC. I'm Stuart Gilliland, interim executive chair, and I'm pleased to be joined today by our group CFO, Rowan Cummings. The first half of full year 2026 marked a transitional period following the sale of DG Americas on the 30th of May 2025, which resulted in us becoming a less complex group From a leadership perspective, Paul Bell stepped down as CEO in June 25, with myself serving as interim executive chair during the ongoing recruitment process. In terms of today's presentation, we'll begin with a review of the half year performance, delving into the financials in more detail. We'll then move on to what the group looks like today, including more insight into each of the divisions. We'll then wrap up by looking at the future, reconfirming guidance for the next three years and the future strategy to deliver this guidance. Moving on to the summary, before we do, I want to clarify that everything we are going to present for the interim results offer the continuing group. As we communicated previously, the results delivered are against the backdrop of challenging markets. Revenue is down 13%, with adjusted operating margins down to 4.3%, driven by the headwinds highlighted in our full-year guidance. Rowan will cover off the reasons behind these movements in more detail in the financial review. Importantly, we end the period with a strong net cash position, as well as a robust order book which gives confidence for the second half, and we are confident that we're still on track to deliver in line with full-year guidance. The CEO recruitment process remains ongoing and I am committed to continuing as Interim Exec Chair until the appointment is finalised. Finally, following the successful sale of DG Ameri...