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.
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.
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.
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.
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.
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 […]
Please be advised that, in accordance with the law, the Half-Year Financial Statements at 30 June 2021, as approved by the Board of Directors on 5th August 2021, together with the External Auditors Report limited to the condensed consolidated half-year financial statements as at 30 June 2021 issued by PricewaterhouseCoopers Spa, from today’s date it […]
Strong rebound in June, first full month without restrictions, which confirms the validity of the business model: retailers’ sales +0.3%, average ticket +20.3% and 85% of footfalls recovered vs June 2019 Rent collection 1H 2021: in Italy around 83%[1]; in Romania around 93% Financial occupancy higher vs FY 2020: Italy 95,3%, +100bps; Romania 94.3%, +70bps […]
