IGD is at the center of attention of investors who are increasingly more focused on sustainability and the rating agencies that provide their independent interpretation of the Company’s ESG performance
More and more investors are looking at ESG ratings when deciding which stocks to buy or to finance debt, even though these ratings can vary considerably based on the criteria used by the different agencies. We took a closer look at these issues by asking Francesco Soldi, IGD’s Head of Marketing and Corporate Social Responsibility, a few questions.
The negative impact of the anti-Covid measures on the income statement diminishes, while the net financial position improves
The results in IGD’s income statement continue to be impacted heavily by the restrictions on operations imposed in order to contain the spread of the virus. The net one-off impact recognized as a result of the closures is, however, €1.5 million lower than the €9.3 million posted in the first half of 2020.
While getting ready for the consumer of the future, IGD benefits from new openings at its shopping centers
In the last edition of IGD News&Views we presented the launch of the project Next Steps, focused on finding new solutions for shopping centers during the phase after the lifting of the pandemic restrictions. Our conversation with Daniele Cabuli, Chief Operating Officer, and Laura Poggi, Head of Leasing, therefore, continues. They will update us on the work they have done to manage the relationships with the retailers during this delicate exit phase and change the merchandise offered at IGD’s centers.
How is IGD preparing for the expected increase in consumption?
During a conversation which addressed several issues that are crucial to the recovery of shopping centers and, specifically, to IGD’s future, we recorded the reflections and considerations of Roberto Zoia, IGD SIIQ SPA’s Director of Asset Management, Development and Network Management and Chairman of CNCC, the Consiglio Nazionale dei Centri Commerciali, since October 2020.
The Chief Executive Officer’s point of view on the first six months of 2021
IGD’s Chief Executive Officer, Claudio Albertini, provides a strategic interpretation of the results achieved in a half still heavily impacted by the restrictions in place to prevent the spread of the virus. It’s clear that the shopping center format will continue to have a key role in the new consumption models. And that is not all: these results show also that the way in which IGD manages its portfolio is particularly effective.
Volatility notwithstanding, IGD’s stock continues to show good progress as of the beginning of the year
The stock markets remain positive, thanks to the prospects for economic recovery supported by the expansionary economic policies and the re-openings made possible by the vaccine rollouts. IGD’s stock, which is up almost 15% since the beginning of the year, has ample upside including based on the half-year results that were just published.
Publication of the half-year financial statement as at 30 june 2021
Bologna, 10 August 2021. IGD – Immobiliare Grande Distribuzione SIIQ S.p.A., one of the main player owner and manager of retail shopping centers in Italy and listed on the STAR segment of the Italian Stock Exchange, advises that the Half-Year Financial Statement as at 30 June 2021 approved by the Board of Directors on 5 […]