Publication notice of the interim financial report as at 30 September 2017
Please be advised that in accordance with the law, the Interim Financial Report as at 30 September 2017, approved by the Board of Directors on 9th November 2017, will be available to the general public on 13th November 2017 at the company’s Registered Office, on the Company’s website https://eng.gruppoigd.it/ sectionb Investor Relations – Reports and […]
FFO increases 22.8% in the first nine months of 2017
The results for the first nine months of 2017 show that the third quarter also benefitted from improvements in both operations and financial management, which led to a 74.1% increase in the Group’s net profit. Core business EBITDA was up 7.7% in the first nine months of 2017, as a result of both a 10.7% […]
The Chief Executive Officer’s Point of View
Dear Shareholders, in the first nine months of 2017 the FFO – the indicator which best measures the effectiveness of our management – reached €49 million. The increase of 22.8% on the first nine months of 2016 is significant and higher than the 17.8% year-on-year increase recorded at 30 June 2017. The operating results indicate […]
Results presentation as at 30 September 2017
IGD’s main results are: Group net profit: €34.7 million (+74.1%) Recurring net income (FFO): €49.0 million (+22.8%) Core business revenue: €108.1 million, +6.6% (LFL Italy +1.5%, Romania +7.0%) Sales of retailers in Italian malls +1.8%; significant upside on renewed leases (Italy +5.7%; Romania +2.3%) Loan-to-value 48.0%; average cost of debt down further at 2.85%
IGD’s stock price up more than 40% since the beginning of the year
Since year-end 2016 to the close on 6 November 2017 the price of IGD’s stock has risen 42.0%, outperforming both the Italian index (+21.5%) and the European real estate sector index (+5%). The stock continues to benefit from the company’s solid fundamentals, which were confirmed in the results at 30 September 2017, and was also […]
Sustainability – Breaking news
Awards and new challenges Once again IGD receives the EPRA sBPR Gold Award and begins the assurance process for its 2017 Corportae Sustainability Report IGD’s commitment to constantly increasing the transparency and comparability of its sustainability program made it possible for the Company to receive this prestigious international recognition dedicated to quality sustainability reporting. For […]
