Dear Shareholders, the important results achieved in the first six months of 2018 are adequately reflected in the progression made by the key performance indicators found in the Half-Year Report. In this first part of the year our real estate portfolio has grown significantly thanks to the purchase of a strategic portfolio comprising four shopping […]
IGD’s real estate portfolio is now worth almost €2.5 billion IGD’s Chief Executive Officer, Claudio Albertini, walks us through the steps which in the last five months led to the gathering of €150 million on the stock market and to increasing the Company’s size thanks to the addition of a portfolio comprising four shopping malls […]
Dear Shareholders, in these first few months of 2018 IGD posted a series of important results. After publishing the FY 2017 results which showed strong growth, on 18 April we successfully completed the €150 million capital increase and were able to then finalize the acquisition of a strategic portfolio comprising four shopping centers and a […]
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 […]
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 […]
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 […]
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 […]
The results for the first nine months of 2017 show that the third quarter also benefitted from improvements in both operations and financial management, which led to a 74.1% increase in the Group’s net profit. Core business EBITDA was up 7.7% in the first nine months of 2017, as a result of both a 10.7% […]
Dear Shareholders, in the first nine months of 2017 the FFO – the indicator which best measures the effectiveness of our management – reached €49 million. The increase of 22.8% on the first nine months of 2016 is significant and higher than the 17.8% year-on-year increase recorded at 30 June 2017. The operating results indicate […]
Since year-end 2016 to the close on 6 November 2017 the price of IGD’s stock has risen 42.0%, outperforming both the Italian index (+21.5%) and the European real estate sector index (+5%). The stock continues to benefit from the company’s solid fundamentals, which were confirmed in the results at 30 September 2017, and was also […]
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