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6 March 2019
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. 2018 was also a year of growth: we expanded our portfolio with ...
6 March 2019
With the 2018 results, IGD delivers on all the targets in the 2016-2018 plan Thanks to the increase of 9.2% in rental income, which also benefited from the expanded perimeter, and the policy to maintain control of direct costs and general expenses, IGD’s results for 2018 show a core business EBITDA that rose 12.4% to €113.7 million, with an EBITDA margin of 71.9%, an increase of ...
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6 March 2019
Limit interest rate and credit risk and obtain the best conditions possible on the capital markets: two clear objectives of IGD’s financial strategy   The results of financial management recorded at the close of 2018 made it possible to deliver on the targets found in the Business Plan 2016-2018. The Loan-to-Value came to 45.8%, in the low end of the 45-50% range target, the Gearing, which ...
6 March 2019
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 IGD made important progress in the “green” sphere. Firstly, energy consumption was reduced ...
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6 March 2019
Based on the figures for 2018 it’s clear that IGD’s stock continues to be significantly undervalued despite the recovery seen in the first few weeks of 2019. At current levels, above the €6 threshold, IGD’s stock is still trading at a strong discount to the NNNAV per share of €11.45 shown in the financial statements for year-end 2018, while it continues to trade at a very ...