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.
The pandemic, and its impact in terms of closures, restrictions and uncertain cash flows, caused IGD to focus its outlays on investments that could not be deferred. The choice was the right one. Today, as it can count on an improved financial balance, IGD is resuming the work called for in the pipeline, albeit while maintaining a very selective approach and paying careful attention to the cost of materials, in light of the challenging market environment.
Let’s learn more about these topics by asking IGD SIIQ SPA’s Director of Asset Management, Development and Network Management, Roberto Zoia, a few questions.
Clear 2030 sustainability ambitions, quantifiable targets for 2024 and work underway on five areas of sustainability: the commitments in IGD’s agenda are clear, with results that are already rewarding the immense amount of work done since 2011 (the year in which the Company undertook this path).
Let’s learn more about these topics by asking Francesco Soldi, IGD’s Head of Marketing and Corporate Social Responsibility, a few questions.
Over the last few weeks IGD has defined an important co-marketing project with Coop Alleanza 3.0 and signed 31 agreements with agencies that will develop omnichannel marketing strategies for the individual shopping centers.
Let’s look closer at the goals of these initiatives in an interview with both Roberto Zoia and Laura Poggi, who in IGD act as Director of Asset Management, Development and Network Management and Director of the Commercial Department, Marketing and CSR, respectively.
From the beginning of the year IGD has largely outperformed the reference indices. In addition to the noticeable discount against its P/NAV, the rally was driven by the convincing results achieved in 2021 and the appeal of the dividend which even at recent levels, after the recent rally, continues to provide a yield of almost 8%.
Let’s look closer at this analysis with Claudia Contarini, the head of the Investor Relations’ team.