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14 May 2019
Dear Shareholders, FY 2019 begins with the key indicators posting a positive performance in the first quarter: Net profit was, in fact, up 8.0%, driven by an 8% increase in core business EBITDA (adj ex IFRS16[1]), while FFO showed double-digit growth of 13.4%, coming in at €20.8 million. What are the elements underpinning these results? Firstly, a solid trend in rental income which was €3.1 million higher ...
14 May 2019
With the FFO recorded in the first quarter, IGD demonstrates to be on the track The results for the first quarter of 2019 point to a solid operating performance: net rental income reached €34.2 million, an increase of 9.2% adj ex IFRS16[1] compared to the same period 2018 which fueled a 8% adj ex IFRS16 increase in core business EBITDA (€31.2 million in the first quarter ...
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14 May 2019
In the course of two weeks two different agencies assigned different ratings to IGD’s debt. As a result of the rating assigned by S&P Global Ratings, IGD is still investment grade, with all the benefits that brings: quality and number of institutional investors that may be accessed for bond issues and ability to limit the cost of debt.    On 9 April 2019 Moody’s announced that it ...
14 May 2019
During the Annual General Meeting held on 10 April 97.15% of the shareholders approved the 2019 Compensation Report: a result which testifies to the great level of consensus, including with respect to any changes introduced, underlying IGD’s policies. We learned more about these topics by speaking with both the Chairman of IGD’s Board of Directors, Elio Gasperoni, and Rossella Saoncella, who is Vice Chairman of ...
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14 May 2019
In the first months of 2019 stock markets rallied across the board, with prices recovering after the sudden and profound correction that took place in the latter part of 2018. The 2019 rally was sustained by the central banks’ more accommodative approach, in light of the economies showing weakened growth, but without imminent risk of a recession; the expectation that the outcome of the USA-China ...