IGD’s Chief Executive Officer, Claudio Albertini, takes a look at the results IGD achieved in the first six months of the year. An analysis of the results achieved in the first half of 2023 shows that progress was made in several areas: the very encouraging operating results reveal an increase in the core business EBITDA of 3.8% which reflects an improvement of 3.4% in net rental income.
IGD’s Chief Executive Officer, Claudio Albertini, discusses the encouraging operating and financial performances achieved in the first few months of 2023 thanks to the work done by the Group which remained true to its management philosophy, inspired by long-term sustainability.
Dear Shareholders, after two years which were marked deeply by the pandemic, in 2022 we also had to face an extremely complex external scenario. Difficulties in the operating environment continue, with an unexpected change in inflation and interest rates reflected in portfolio valuations In the first months of last year the Omnicron variant of […]
IGD’s Chief Executive Officer, Claudio Albertini, provides us with an interpretation of the results we are maturing in the current year based on the performance reported at September 30th. Despite a very complex environment, the Group has proven successful in achieving good performances by leveraging on indexed rents and careful operational, asset and financial management, consistent with the strategic guidelines included in the Business Plan.
The Chief Executive Officer, Claudio Albertini, provides us with an interpretation of the results IGD achieved in the first six months of the year. In what was a very challenging environment for the retail sector, the Group succeeded in following the trajectory outlined in the Business Plan presented in December of last year.
The Chief Executive Officer, Claudio Albertini, examines the progress IGD made in the first quarter of 2022, even though the Omicron variant and the war that broke out in Ukraine have kept footfalls and retailers’ sales under pressure: confirmation of the valid strategy implemented by the Company in response to the pandemic and a scenario of higher interest rates and prices.
Let’s look at the Chief Executive Officer’s interpretation of the quarterly performance and the steps taken to implement the 2022-2024 Business Plan.
Due to the restrictions attributable to the pandemic, 2021 also proved to be a complex year, specifically through May and, then again, in December as infection rates resurged. By leveraging on the extraordinary work done by the entire team, IGD succeeded in embarking on a clear path toward recovery beginning May 17th, when most of the restrictions were eliminated.
IGD’s Chief Executive Officer, Claudio Albertini, discusses two recent events which, along with the economic – financial results achieved in the first nine months of the year, make it possible to confirm the guidance calling for an increase in FFO of 7/8% in FY 2021.
The new picture also points to the concrete possibility that payment of a dividend will be resumed already next year, while the new Business Plan through 2024, which will be presented mid-December 2021, will provide greater visibility as to future targets and returns.
IGD’s Chief Executive Officer, Claudio Albertini, provides a strategic interpretation of the results achieved in a half still heavily impacted by the restrictions in place to prevent the spread of the virus. It’s clear that the shopping center format will continue to have a key role in the new consumption models. And that is not all: these results show also that the way in which IGD manages its portfolio is particularly effective.