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.
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 […]
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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: […]
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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) […]
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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%
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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 […]
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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 […]
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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 […]
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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)
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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 […]
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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%, […]
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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 […]
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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 […]
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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: […]
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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 […]
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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 […]
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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 […]
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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 […]
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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.
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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, […]
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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 […]
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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 […]
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The Plan is based on 3 pillars:
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RESULTS AT 30 SEPTEMBER 2018:
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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 […]
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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 […]
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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%)
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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%
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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 […]
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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 […]
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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%)
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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%).
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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.
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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%)
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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.
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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%).
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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.
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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% […]
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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)
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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 […]
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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
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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 […]
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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)
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