Letter to the Shareholders
Dear Shareholders, 2018 was a very intense and fruitful year, which marks an important milestone in the growth path that IGD has been pursuing since the IPO in 2005 through today as shown by the value of the real estate portfolio which has quadrupled in the 13 years rising from €590 million to €2,412 million. […]
Main results achieved in 2018
IGD worked to constantly grow from a standpoint of “Green, Responsible, Ethical, Attractive”, together (“Together”) with its stakeholders. A commitment that is highlighted in the “Becoming G.R.E.A.T.” claim, based on an acronym made from the initials of the five themes that are at the heart of the sustainable growth path. Green In 2018 […]
Quarterly summary of the activity carried out to support the liquidity of the shares of IGD – Immobiliare Grande Distribuzione
Reference is made to the program aimed at enhancing the liquidity of the shares of IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. listed on the Mercato Telematico Azionario – STAR segment, disclosed to the market on 4 August 2017, that was renewed until 04/09/2019, in accordance with market practice n. 1 issued by CONSOB in […]
Sustainability report 2018
The Board of Directors approved the Corporate Sustainability Report together with the Annual Report. As in 2017, the CSR approved was subject to Limited Assurance by PricewaterhouseCoopers which certified compliance with the most important international standards (the GRI Standards).
Results presentation as at 31 December 2018
RESULTS AT 31 DECEMBER 2018: Recurring net income (FFO): €7 million (+21.4%); Rental income: €8 million, +9.2% (LFL Italy +1.3%, Romania +2.9%) Net rental income: €124 million, +10.9% Sales of retailers in Italian malls + 2.2%; financial occupancy Italy 97.2%; Romania 97.1% Further improvement in financial indicators: Loan to Value 45.8%; average cost of debt […]
The Board of Directors approves the draft separate and consolidated financial statements, as well as the corporate sustainability report at 31 December 2018
Today, in a meeting chaired by Elio Gasperoni, the Board of Directors of IGD examined and approved the draft separate and consolidated financial statements at 31 December 2018.