Across Magazine – IGD has inaugurated the extension of the ESP mall in Ravenna
Italy | ESP IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. has inaugurated the extension of the ESP mall in Ravenna. The company’s cash-out for this mall extension reached around €52 million, including approximately €5.7 million for primary and secondary urbanization works, accounting for rents in leases that have already been finalized. At capacity, the yield […]
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% […]
