The IGD Group’s presentations relating to economic-financial results, as well as events and sector meetings or conferences, can be found below.
The IGD Group’s presentations relating to economic-financial results, as well as events and sector meetings or conferences, can be found below.
IGD SIIQ SPA · Conference call to present the FY 2024 results
OPERATING RESULTS CONFIRM THE APPEAL OF IGD’S SHOPPING CENTERS Sales for retailers in Italian malls up by 4.3% and footfalls 4.5% higher than in 2022 and well above 2019 (+6.2%) Occupancy high: Italy 95.3%; Romania 96.2% Net rent collection in FY2023: around 97% in Italy; around 98% in Romania ECONOMIC RESULTS EXCEED EXPECTATIONS Net […]
Retailers’ sales at Italian malls +6.2%, footfalls +5.4% vs 9M 2022 and occupancy at 95.3%; occupancy in Romania at 97.1% Rent collection 9M2023: in Italy > 94%; in Romania c. 96%; rent collection for FY 2022 at nearly 100% Net rental income higher: €88.4 million, +5.7% vs 9M 2022 (+8.1% like-for-like) Core business Ebitda up: […]
THE PORTFOLIO’S SOLID OPERATING PERFORMANCES CONFIRMED Significant increase in retailers’ sales at Italian malls (+8.5%) and in footfalls (+6.6%) compared to 1H2022; 2019 sales exceeded (+7.6%) Occupancy high (stable vs 1Q 2023): Italy 95.2%; Romania 96.8% ECONOMIC RESULTS BEAT EXPECTATIONS: OUTLOOK FOR FFO IMPROVED Net rental income: €59.1 million (+3.4% vs 2022; +7.8% like-for-like) […]
RESULTS FOR 1ST QUARTER 2023 Excellent operating performances: retailers’ sales +12.7%; footfalls +9.4% (vs 1Q2022) Net rental income: €29.1 million (+4.9% LFL) FFO: €8 million (-5.6%) Loan-to-Value: 45.3%
SOLID OPERATING RESULTS Retailers’ sales at Italian malls grew 13.3% and footfalls were +6.9% higher than in 2021; sales exceeded 2019 (+0.7%) Upside on new leases: +1.1% Italy; +1.8% Romania Occupancy higher: Italy 95.7% +50bps; Romania 98.0% +340bps Net rent collection FY2022: Italy 96%; Romania c. 97% ECONOMIC-FINANCIAL INDICATORS UP Net rental income: €114.0 […]
Growth in retailers’ sales at Italian malls continues in the third quarter; September 2022 +4.5% vs Sept. 2019; 3Q 2022 +2.8% vs 3Q 2019 The sales figure for the first nine months is largely in line with 2019, with strong growth compared to the same period of 2021 (+19.1%) Rent collection 9M2022: ~ 93% in […]
PHYSICAL RETAIL ALIVE AND WELL WITH GOOD PERFORMANCES Retailers’ sales at Italian malls largely in line with 2019; average ticket up +17.3% in June Upside on new leases: +2.5% Italy; +3.5% Romania Financial occupancy: Italy 95.1% +30bps vs 1q2022; Romania 92.9%, an additional 3 thousand square meters already pre-let FINANCIAL INDICATORS ON THE RISE Net […]
Net rental income: €28.7 million (+9.6%) FFO: €7 million (+20.7%) Net rent collection 1Q2022: ~ 90% both in Italy and in Romania Loan to Value down further: 44.3% (-50bps vs FY2021)
GOOD OPERATING PERFORMANCES In the 7 months without restrictions (June – December), tenants’ sales largely in line with 2019, average ticket +24.4% and ca. 84% of footfalls recovered Net rent collection 2021: in Italy around 94%; in Romania around 96% Financial occupancy higher vs FY2020: Italy 95.2%, +124bps[1]; Romania 94.6%, +105bps FINANCIAL INDICATORS SHOW […]
Good performances in June- September, the first four-month period without restrictions and fully comparable with 2019: tenant sales -0.2% and roughly 85% of the footfalls recovered; average ticket up +21.7% in September vs. Sept.2019 Rent collection 9M2021: in Italy c. 86%[1]; in Romania c. 96% Financial occupancy higher vs FY2020: Italy 95.40%, +114bps; Romania 94.93%, […]
Strong rebound in June, first full month without restrictions, which confirms the validity of the business model: retailers’ sales +0.3%, average ticket +20.3% and 85% of footfalls recovered vs June 2019 Rent collection 1H 2021: in Italy around 83%[1]; in Romania around 93% Financial occupancy higher vs FY 2020: Italy 95,3%, +100bps; Romania 94.3%, +70bps […]
The restrictions in place for shopping center operations continue to weigh heavily on the sector “One-off” COVID impact of €4 million recognized in 1Q 2021 Net rental income: €26.2 million (-20.7%) FFO: €8 million (-33.3%) Notes falling due redeemed in full with significant cash on hand at the end of the reporting period of €86 million In the […]
The appeal of IGD’s format confirmed: in the periods when the restrictions were eased the average ticket rose + 17%, retailers’ sales +0.3% better than in 2019[1] Rent collection at around 91% of net turnover in Italy and around 94% in Romania Financial occupancy maintained at high levels: Italy 94.3%; Romania 93.6% Net rental income: […]
More than 90% of the tenant negotiations finalized in Italy; all negotiations in Romania completed. Total rent collection[1] in the nine months, net of deferrals granted, at around 88% Recovery of footfalls at about 87% and September retailers’ sales reached 97% of 2019 level Net rental income: €89.7 million (-12.2%), including the estimated one-off impact […]
80% (last week 85%) of footfalls recovered; retailers’ sales -13.6% in June vs 2019 70% of the tenant negotiations finalized in Italy; 98% in Romania. Payment deferrals and discounts foreseen, the effect of which will be recognized entirely in the current year (without any carry over to subsequent years) More than satisfactory results for the […]
FINANCIAL INFORMATION AS AT 31 MARCH 2020 -IMPACTS OF THE COVID-19 EPIDEMIC ON GROUP’S ACTIVITIES FFO: €8 million (+0.1%) Rental income: €38.4 million, -0.9% (LFL -0.4%) Considerable cash on hand, €130.1 million, at the end of the reporting period Measures implemented to manage the crisis and prepare for the lockdown exit ANNUAL GENERAL MEETING […]
FFO: €3 million (+4.5%) Rental income: €3 million, +2.3% (LFL +0.5%) Net rental income: €136.6 million, +10.1% (+1.8% ex IFRS16[1]) Sales of retailers in Italian malls +0.5%; financial occupancy Italy 96.9%; Romania 97.6% Average cost of debt 2.35%; ICR 3.8X[2] EPRA NNNAV per share €10.92 Proposed dividend of 50 euro cents per share, in line […]
FFO: €9 million (+5.6%); Rental income: €0 million, +2.7% (LFL Italy flat, Romania +2.7%) Net rental income: €2 million, +10.7% (+2.5% adj. ex IFRS16[1]) Average cost of debt 2.4%; Loan to Value 47.8% [1]Adj ex IFRS16: for the sake of comparability, the 2019 figure was restated excluding the impact of IFRS 16 application.
Recurring Net Results (FFO): €41.8 million (+7.6%); Rental income: €77.3 million, +4.4% (LFL Italy -0.6%, Romania +1.8%) Net rental income: €68.6 million, +13.0% (+4.6% adj. ex IFRS16[1]) Average cost of debt 2.4% Market value of the portfolio €2,388.3 million (-0.99%); Outlook revised for FFO FY2019: +4/5% [1] Adj ex IFRS16: for the sake of comparability, […]
Net rental income: €2 million, +17.9% (+9.2% adj ex IFRS16[1]); FFO: €8 million (+13.4%) Malls LFL Italy flat, Romania + 2.4%; upside on renewals: Italy +4.1%; Romania +10.3% Loan-to-Value 46.2% ( 45% adj ex IFRS16); Interest cover ratio 3.9x (around 3.7x adj ex IFRS16) [1] Adj ex IFRS16: for the sake of comparability, the […]
RESULTS AT 31 DECEMBER 2018: Recurring net income (FFO): €7 million (+21.4%); Rental income: €8 million, +9.2% (LFL Italy +1.3%, Romania +2.9%) Net rental income: €124 million, +10.9% Sales of retailers in Italian malls + 2.2%; financial occupancy Italy 97.2%; Romania 97.1% Further improvement in financial indicators: Loan to Value 45.8%; average cost of debt […]
The Plan is based on 3 pillars:
RESULTS AT 30 SEPTEMBER 2018:
IGD’s main results are: Recurring net income (FFO): €38.9 million (+22%); outlook for FY 2018 revised upward to the high end of the guidance range (at least +20%) Rental income: €74.1 million, +8.4 % (LFL Italy +1.4%, Romania +4.7%) Net rental income: €60.7 million, +9.9% Sales of retailers in Italian malls + 3.8%; upside on […]
IGD’s main results are: Further significant growth in recurring net income (FFO): €18.3 million (+17.5%) Rental income: €35.6 million, +5.2 % (LFL Italy +1.9%, Romania +4.1%) Net rental income: €29 million, +6% Group net profit: €16.7 million (+16.7%) Sales of retailers in Italian malls +2.9%; significant upside on renewed leases (Italy +3%; Romania +1.5%) Loan-to-value […]
I principali risultati di IGD: Utile Netto del Gruppo: 86,5 milioni di euro (+26,5%); Ricavi gestione caratteristica: 145,1 milioni di euro (+6,0%); Ebitda gestione caratteristica: 101,2 milioni di euro (+6,7%); Valore di mercato del portafoglio: 2.228 milioni di euro (+2,3%); Epra NNNAV: 13,67 euro (+6,3%)
IGD’s main results are: Group net profit: €34.7 million (+74.1%) Recurring net income (FFO): €49.0 million (+22.8%) Core business revenue: €108.1 million, +6.6% (LFL Italy +1.5%, Romania +7.0%) Sales of retailers in Italian malls +1.8%; significant upside on renewed leases (Italy +5.7%; Romania +2.3%) Loan-to-value 48.0%; average cost of debt down further at 2.85%
IGD’s main results are: Group net profit: €48.9 million (+84.6%) Recurring net income (FFO): €31.9 million, (+17.8%); outlook FY2017 revised upward: +20% vs FY2016 Core business revenue: €71.6 million, +6.0% (LFL Italy +1.5%, Romania +7.0%) Sales of retailers in Italian malls +1.3%; significant upside on renewed leases (Italy +4.7%; Romania +2.5%) Loan-to-value 48.5%; average cost […]
IGD’s main results are: Core business revenue: €35.4 million, +4.6% (LFL Italy +1.3%, Romania +6.8%) Group net profit: €14.3 million (+13%) Recurring net income (FFO): €15.6 million (+10.2%); target for FY 2017 confirmed: +18/19% Sales of retailers in Italian malls +1.1%; significant upside on renewed leases (Italy +3.8%; Romania +2.8%) Loan-to-value 47.9%; average cost of […]
IGD’s main results are: Group net profit: €68.3 million (+49.7%) Rental income: €131.3 million, +8.4% (LFL Italy +1.7%, Romania +3.1%) Core business Ebitda: €94.9 million (+11.6%) Market value of the portfolio: €2,178 million (+4.6%) EPRA NNNAV per share: €1.29 (+3.2%)
IGD’s main results are: Group net profit: €37.2 million (+22.1%); Core business FFO: €39.9 million (+18.7%); Core business revenue: €101.4 million, +7.8% (LFL Italy +18%, Romania +2.2%); Core business Ebitda: €70.5 million (+10.7%).
IGD’s main results are: Group’s net profit: €26.5 million; Core business funds from operations (FFO): €27.1 million (+26.6%); Core business revenues: €67.5 million (+8.1%); Core business Ebitda: €46.7 million (+12.7%); Market value of freehold properties: €2,093.6 million; EPRA NNNAV per share: €1.22.
IGD’s main results: Group’s net profit: €12.7 million, up 37.4% Funds from Operations (FFO): €14.1 million, + 33.7% Core business revenue: €33.8 million, + 8.7% Core business Ebitda: €23.6 milioni di euro (+12.5%)
IGD’s main results are: Group net profit: €45.6 million; Core business revenues: €125.9 million (+4.5%); Core business Ebitda: €84.7 million (+6.9%); Market value of freehold assets: €2,082.01 million; EPRA NNNAV per share: €1.25.
IGD’s main results are: Group net profit: €30.4 million; Core business funds from operations (FFO): €33.4 million; Core business revenue:€93.8 million; Core business Ebitda: €63.4 million (+6.8%).
IGD’s main results are: Group’s net profit: €20.4 million; Core business funds from operations (FFO): €21.3 million; Core business revenue: €62.3 million, +3.3% against first half 2014 EPRA NNNAV per share: stable at €1.23.
IGD’s main results are: Consolidated operating revenue: €91.8 million (+1.5% against the same period 2013); Core business revenue : €90 million, largely unchanged with respect to 2013; Pre-tax profit: €9.4 million (+14.0%); The Group’s portion of net profit: €7 million; Core business funds from operations (FFO): €25 million; Adjusted gearing ratio[1]: 0.95; adjusted Loan to […]
IGD’s main results are: Consolidated operating revenue: €61.8 million (+2.1% against first half 2013); Core business revenue: €60.3 million (€60.5 million at 30 June 2013); Core business EBITDA: €39.9 million (€41.6 million in first half 2013); The Group’s portion of net profit: €4.4 million, +9.8% with respect to 30 June 2013; Core business funds from […]
IGD’s main results are: Consolidated operating revenue: €31.0 million, +1.9% against the €30.4 million posted in first quarter 2013; Core business revenue: €29.7 million (vs.€30.4 million at 31 March 2013); Core business EBITDA: €20.1 million (vs. €21.3 million in first quarter 2013); The Group’s portion of net profit: €6.2 million (vs. €8.2 million in first […]
IGD’s main results are: Total revenue: €127.0 million, +3.0%; Core business revenue: €120.7 million (€123.3 million at 31 December 2012); Core business EBITDA: €82.8 million (€85.8 million at31 December 2012); Group net profit: €5 million (€11.3 million at 31 December 2012), as a result primarily of the drop in Ebitda and the negative change in […]
Targets included in the new plan: CAGR for income from rental business of+2.6% (+1.5% LFL); Ebitda Margin Freehold Management at the end of the period: > 80%; Expected investments of approximately €195 million expected, €110 million for capex and expansion of the current perimeter and approximately €85 million for the development of the pipeline; Disposals […]
IGD’s main results are: Consolidated operating revenue: €90.5 million (€92 million at 30 September 2012); Core business EBITDA : €62.3 million (€64.6 million in the first nine months of 2012); The Group’s net profit : €11 million; the change with respect to 30 September 2012 (€16.1 million) is attributable above all to the different trend […]
IGD’s main results are: Consolidated operating revenue: €60.5 million (€61.6 million in first half 2012); Core business EBITDA: €41.6 million (€43.1 million in first half 2012); The Group’s portion of net profit: €4 million, the change with respect to first half 2012 (€8.3 million) is attributable primarily to the fair value adjustments of property; Funds […]
IGD’s main results are: Consolidated operating revenue: €30.4 million (largely in line with the €30.7 million posted in first quarter 2012): Like-for-like growth in Italy: drops slightly by 0.4%; Core business EBITDA: €21.3 million (down by 3.9% with respect to the €22.2 million posted in first quarter 2012); The Group’s portion of net profit: €8.2 […]
IGD’s main results are: Revenue from core business: €123.3 million (€121.2 million at 31 December 2011); Like-for-like revenue in Italy:€101.9 million (€101.3 million at 31 December 2011); Core business EBITDA: €85.8 million (€88.1 million at31 December 2011); The Group’s portion of net profit: €11.3 million (€30.1 million at 31 December 2011), explained primarily by the […]
Revenue rises in the first nine months of 2012 despite the uncertain environment and the drop in consumption. Revenue from core business: € 92.1 million (€89.8 million at 30 September 2011; +2.6%) Like-for-like revenue in Italy: €76.1 million (€75.5 million at 30 September 2011; +0.8%) Core business EBITDA: € 64.6 million (€ 66.4 million at […]
The new Plan’s targets include: CAGR for income from rental business of + 3.6% and CAGR LFL of +2.8%; Ebitda margin at the end of the plan: >71% Investments of approximately €200 million expected to made over the life of plan, €120 million for expansion and capex of the current perimeter and €80 million for […]
In first half 2012, revenue from core business rose despite the persistent drop in consumption and the difficult financial environment: Revenue from core business: €61.5 million (€59.2 million in first half 2011, with an increase of 3.9%) Like-for-like revenue in Italy: €50.8 million (€50.2 million in first half 2011, with an with an increase of […]
The consolidated results for the core business show growth in the first quarter of 2012 (vs. the first quarter of 2011), despite the difficult macroeconomic environment: Revenue from core business: €30.9 million euro (an increase of 4.2% with respect to the €29.7 million recorded in first quarter 2011) Like-for-like growth in Italy: +1.9% Core business […]
Growth of all the key consolidated indicators continues in 2011 (vs. 2010), despite what continues to be a critical economic environment: Total revenue: €124.7 million (an increase of 7.3% with respect to the €116.2 million posted at 31 December 2010) Core business EBITDA: €88.1 million (an increase of 6.8% with respect to the €82.5 million reported at […]
Significant new growth of all the consolidated results also posted in the first nine months of 2011 (vs.the first nine months of 2010): Total operating revenue: €92.8 million (an increase of 10.3% with respect to the €84 million posted at 30 September 2010) Revenue from core business: €91.1 million (an increase of 8.3% with respectto […]
The consolidated results in the first half of 2011 show further growth (vs. the first half of 2010): Total operating revenue: €61.7 million (an increase of 9.9% with respect to the €56.2 million recorded at 30 June 2010) Revenue from core business1: €60 million (an increase of 6.8% with respect to the €56.2 million reported […]
The consolidated results in the first quarter of 2011 show further growth (vs. first quarter 2010): Total operating revenue: €31.4 million (+ 11.9% with respect to 31 March 2010) Revenue from core business1: €29.7 million (an increase of 5.7% with respect to the €28.1 million recorded at 31 March 2010) EBITDA from core business: €21.8 […]
Review of the 2009 – 2013 Business Plan Investments at the end of the plan (2009-2013) forecast to reach €750 million, in addition to €100 million relating to the portfolio’s asset turnover Ebitda margin expected to gradually improve from 68% to 76% Average portfolio yield expected to rise to 6.4% – 6.5% Gearing ratio below […]
Profitability continues to rise in the first nine months of2010: Total revenues: €88.88 million (unchanged with respect to the €88.88 million recorded at 30 September 2009) EBITDA: €59.98 million (up by 6.9% with respect to the €56.14 million reported at 30 September 2009) EBITDA MARGIN:71.4% (an increase of4.6 percentage pointswith respect to the66.8% recorded at […]
Margins and net profit continue to grow in the first half of 2010: Total revenues: €59.53 million (a slight drop of 1.26% vs. the €60.29 million recorded at 30 June 2009 (EBITDA: €39.78 million (an increase of 7.53% vs. the €36.99 million reported at 30 June 2009) EBITDA MARGIN: 70.81% (up 5.8 percentage points with […]
Results showing growth in first quarter 2010: Total revenues: €29.90 million (an increase of 11.53% with respect to the €26.81 million recorded at 31 March 2009) EBITDA: €20.10 million (an increase of 17.74% with respect to the €17.07 million recorded at 31 March 2009) EBITDA MARGIN: 71.58% (a rise of 4.71% compared to the 68.36% […]
FY 2009 consolidated results (vs. FY 2008): Total revenues: €119.6 million (€101.4 million) Ebitda: €76.3 million (€58.9 million) Ebit: €57.2 million (€36.6 million) Pre-tax profit € 22.6 million (€10.7 million) Net profit: €20.4 million (€43.3 million) Market Value of €1,724.86 million (€1,423.20 million at December 31st, 2008)
RESULTS FOR THE FIRST NINE MONTHS OF 2009 Total revenues: €88.9 million (+21.5% vs. the first nine months of 2008) Ebitda: €56.1 million (+24.6% vs. the first nine months of 2008) Net profit: €14.7 million (-64.2% vs. the first nine months of 2008) Adjusted net profit: €24.4 million (+22.8% vs. the first nine months of […]
BUSINESS PLAN 2009-2013 Total investments of €745 million Gradual improvement in the Ebitda margin: from 68% to 77% Average portfolio yield: 6.3%-6.5% Gearing ratio high of 1.5x
Total revenues: €60.29 million (+32.38% vs. first half 2008) Ebitda: €36.99 million (+32.69% vs. first half 2008) Net profit: €7.13 million (-79.17% vs. €34.22 million in first half 2008) Net profit adjusted:€ 16.9 million (+35.9% vs.12.4 million in first half 2008) Net debt: €897,99 million (€733,90 million at 31 December 2008) Market Value at 30 […]
Total revenues: €26.8 million (+27.5% versus first quarter 2008) EBITDA: €17.1 million (+39.2% versus first quarter 2008) Pre-tax profit: €9.1 million (+17.4% versus first quarter 2008) Net debt: €860.99 million (compared to €733.9 million at December 31st, 2008)
Production value: €45.54 million (+25.71% when compared to June 30th, 2007) EBITDA: €27.88 million (+21.52% vs. June 30th, 2007) EBIT: €35.77 million (-24.37%vs. June 30th, 2007, due to the fair value valuation of the real estate portfolio) Net profit: €34.22 million (+42.35% vs. June 30th, 2007) Market Value at June 30th, 2008 amounts to €1,259.01 million, […]
Production value: €77.06 million, not comparable with the €106.00 million in 2006 EBITDA: €47.92 million (+11.2% vs. 2006) EBIT: €78.28 million (-21.4% vs. 2006, due to lower contribution from fair value valuation of the real estate portfolio) Net profit: €52.32 million (-7.70% vs. 2006) Dividend of €0.056 per share proposed (+60% vs. 2006) Market value […]
Value of production up to € 36.23 million Gross Operating Margin (EBITDA) up to € 22.94 million Operating Margin (EBIT) of € 47.29 million Net profits of € 24,00 million Net financial position of € 237,64 million
The results for the first quarter of 2007 were approved: value of production of € 18.34 million, EBITDA of € 11.96 million, EBIT of € 11.84 million, pre-tax profit of € 8.40 million. The BoD approved the 2008/2012 business plan which contemplates € 800 million of investments.
Value of production of € 61.99 million (+342.15%) Gross Operating Margin (EBITDA) of € 15.17 million (+84.77%) Operating Margin (EBIT) of € 32.75 million (+19.00%) Pre-tax results of € 29.58 million (+11.83%).
Strong increase in revenue and profitability: Value of production at EUR 15.26 million (up 16.93% on third quarter 2005) Gross Operating Margin (EBITDA) at EUR 9.87 million (up 16.80% on third quarter 2005) Operating Margin (EBIT) at EUR 9.46 million (up 15.09% on third quarter 2005) Pre-tax result at EUR 7.20 million (EUR 7.36 million […]
Value of production at EUR 28.75 million up 10.21% YoY Gross Operating Margin (EBITDA) at EUR 18.30 million up 10.28% YoY Operating Result (EBIT) EUR 57.72 million up 88.50% vs 1H05 Net profit at EUR 32.81 million up 84.69% YoY IGD signed the closing fot the acquisition of Centro SARCA Shopping Mall in Sesto San […]
Value of production of 14.81 million (+ 12.97%), Gross Operating Margin (EBITDA) of 9.44 million (+ 16.50 %), Operating Result (EBIT) of 45.64 million (+98.67%) Pre-tax profit of 44.23 million (+ 96.86%) Considerable write-ups to IGD’s real estate assets during the first half of 2006.
Value of production at € 13,94 million (up 7,41%) Gross Operating Margin (EBITDA) at € 8,85 million (up 4,33%) Operating Result (EBIT) at € 12,09 million (up 57,98%) Pre-tax result at € 10,96 million (up 76,91%)
Value of production at € 53.2 million EBITDA at € 33.2 million EBIT at € 66.4 million Profits at € 81.7 million
Value of production at Euro 14.0 million ( + 2.2%) Gross Operating Margin at Euro 8.4 million ( -2.3%) Operating Margin at Euro 27.7 million ( +85.9%) Pre-tax results at Euro 26.8 million (+112.7%).
Production value at €39.1 million ( + 4.8%) Gross Operating Margin at €25 million ( + 4.8%) Operating Margin at €38.8 million ( + 15.1%) Profit of €22.3 million ( +24.1%)
Production value at 26.1 million euros ( + 8.8%) Gross Operating Margin at 16.6 million euros ( + 7.1%) Operating Margin at 30.6 million euros ( + 20.0%) Pre-tax result at 31.6 million euros ( + 36.3%)
Production value of 13 million euros ( + 13.62%) Gross Operating Margin of 8.5 million euros ( + 19.53%) Operating Margin of 4.3 million euros ( + 74.65%) Pre-tax result of 3.1 million euros ( + 110.37%)
Value of production amounted to 51.2 million euros. EBITDA of 33 million euros; EBIT of 17.7 million euros. Profits of 6.2 million euros.