Publication notice of the Half-year financial report as at 30 June 2017
Please be advised that in accordance with the law, the Half-year Financial Report as at 30 June 2017, approved by the Board of Directors on 4th August 2017, together with the Report on the limited audit of the condensed consolidated financial statements at 30 June 2016 issued by the external auditors PricewaterhouseCoopers Spa will be […]
The Board of Directors approves the Half-year Financial Report at 30 June 2017, the launch of the activity aimed to support liquidity of IGD shares and co-option of independent Director Matteo Cidonio
Today the Board of Directors of IGD examined and approved the Half-Year Financial Report at 30 June 2017
Results presentation as at 30 June 2017
IGD’s main results are: Group net profit: €48.9 million (+84.6%) Recurring net income (FFO): €31.9 million, (+17.8%); outlook FY2017 revised upward: +20% vs FY2016 Core business revenue: €71.6 million, +6.0% (LFL Italy +1.5%, Romania +7.0%) Sales of retailers in Italian malls +1.3%; significant upside on renewed leases (Italy +4.7%; Romania +2.5%) Loan-to-value 48.5%; average cost […]
The Chief Executive Officer’s point of view
Dear Shareholders, The results for the first half of 2017 show an increase in net profit of 84.6%, as well as a 17.8% rise in FFO. The results are the product of the financial and operating strategies we have developed and consistently implemented over time. The figures recorded at 30 June 2017, which bring us […]
Strong growth in net profit thanks to the improved operating performance and the positive impact of the changes in fair value
After the record results for 2016 and the encouraging results posted at 31 March 2017, IGD’s results at 30 June 2017 show an acceleration in the growth of the core business EBITDA in the second quarter of 2017 compared to the first. Core business EBITDA was up 6.9% in the half, driven by a 6.0% […]
Improvement in the global market conditions and solid fundamentals support the good performance of IGD’s stock
IGD’s stock price has risen 15.1% from year-end 2016 through the close on 26 May 2017, outperforming both the Italian index and the European sector index which has risen a modest 3% since year-end 2016. The improved expectations for economic growth in the Euro zone drove stock markets across the board. IGD also benefitted from […]
Many new developments in IGD’s Investor Relations
During the first part of 2017 IGD continued with its Investor Relations’ activities, organizing an intense schedule of meetings which made it possible for top management not only to effectively cultivate relationships with domestic and international investors, but also to meet new institutional investors, interested in knowing more about the Company. IGD decided to include […]
