9 November 2017 10:24

Results presentation as at 30 September 2017

IGD’s main results are:

  • Group net profit: €34.7 million (+74.1%)
  • Recurring net income (FFO): €49.0 million (+22.8%)
  • Core business revenue: €108.1 million, +6.6% (LFL Italy +1.5%, Romania +7.0%)
  • Sales of retailers in Italian malls +1.8%; significant upside on renewed leases (Italy +5.7%; Romania +2.3%)
  • Loan-to-value 48.0%; average cost of debt down further at 2.85%