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22 February 2018
Dear Shareholders, The results presented in your Company’s 2017 Annual Report have never been achieved before. Not only have the record performances recorded in 2016 been surpassed, but it is clear that IGD is well on track to deliver on the Business Plan 2016-2018. A few targets for the end of the plan have basically already been reached. The Group’s net profit reached €86.5 million, an increase ...
22 February 2018
The results posted at 31 December 2017 show an increase of 6.7% in core business EBITDA with the EBITDA margin coming in at 69.7%, versus 69.3% in the prior year. Thanks to the combination of effective commercial policies and asset management, the freehold EBITDA margin reached 79.2%. FFO rose 21.7%, higher than the guidance of 20% which was revised upward in August, due to robust cash ...
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22 February 2018
Daniele Cabuli, IGD’s Chief Operating Officer and Commercial Director, introduces us to a few structural aspects and methodologies included in the Marketing Plans developed by the Company for each individual shopping center which aim to optimize the investments called for in the budget through effective and consistent allocation across the entire network. Mr. Cabuli, what are the assumptions underlying the new Marketing Plans developed for IGD’s ...
22 February 2018
The 2017 Corporate Sustainability Report marks a turning point in the path undertaken by IGD in 2011. Firstly, because of the quality of the information provided which, as a result of compliance with Global Reporting Initiative standards, was certified for the first time by an independent firm: PwC. Secondly, for the 13 new material issues which were singled out by looking at what was relevant for IGD ...
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22 February 2018
IGD’s stock price rose 33.1% in 2017, significantly outperforming both the Italian index and the European sector index which closed the year at period highs of +15.5% and +9.3%, respectively. The generalized sell-off that hit stock markets in February 2018, triggered by concerns about the more restrictive US monetary policies, caused a sudden correction and resulted in IGD’s stock trading at a noticeable discount to both ...