{"id":15238,"date":"2007-11-14T16:35:51","date_gmt":"2007-11-14T15:35:51","guid":{"rendered":"https:\/\/www.gruppoigd.it\/il-consiglio-di-amministrazione-approva-i-risultati-trimestrali-al-30-settembre-2007\/"},"modified":"2019-01-11T11:00:17","modified_gmt":"2019-01-11T10:00:17","slug":"il-consiglio-di-amministrazione-approva-i-risultati-trimestrali-al-30-settembre-2007","status":"publish","type":"post","link":"https:\/\/www.gruppoigd.it\/en\/il-consiglio-di-amministrazione-approva-i-risultati-trimestrali-al-30-settembre-2007\/","title":{"rendered":"The Board of Directors approved quarterly results at 30 September 2007"},"content":{"rendered":"<div class=\"intro\">\n<p><strong>Significant increase in revenue and profitability:<\/strong><\/p>\n<ul>\n<li><strong>Value of production at \u2022 18.32 million (up 20.05% from the third quarter of 2006)<\/strong><\/li>\n<li><strong>Gross Operating Margin (EBITDA) at \u2022 11.74 million (up 18.95% from the third quarter of 2006)<\/strong><\/li>\n<li><strong>Operating Margin (EBIT) at \u2022 11.51 million (up 21.67% from the third quarter of 2006)<\/strong><\/li>\n<li><strong>Pre-tax result at \u2022 7.89 million (up 9.58% from the third quarter of 2006)<\/strong><\/li>\n<li><strong>Net profit at \u2022 4.66 million (up 8.88% from the third quarter of 2006).<\/strong><\/li>\n<\/ul>\n<\/div>\n<div class=\"body\">\n<p class=\" text-justify\">The Board of Directors of IGD S.p.A. \u2013 a Blue Chip company listed on the MIDEX segment of the Italian Stock Exchange, operating in the retail real estate sector \u2013 met today to examine figures for the third quarter of 2007, which confirmed a double-digit growth in terms both of turnover and profitability.<\/p>\n<p class=\" text-justify\">The third quarter of 2007 closed with a value of production of \u20ac 18.32 million, considerably up \u2013 20.05% \u2013 compared to \u20ac 15.26 million of the third quarter of 2006. On the nine months of 2007 consolidated turnover registered a \u20ac 10.54 million increase compared to \u20ac 44.01 million in the first nine months of 2006.<\/p>\n<p class=\" text-justify\">The gross operating margin (EBITDA) was \u20ac 11.74 million, recording a strong 18.95% increase compared to 30 September 2006 (\u20ac 9.87 million). EBITDA on the first nine months of 2007 equalled \u20ac 34.68 million, up \u20ac 6.51 million compared to \u20ac 28.17 million in the first nine months of 2006.<\/p>\n<p class=\" text-justify\">The operating margin (EBIT) was \u20ac 11.51 million, with considerable growth (+21.67%) over the \u20ac 9.46 million at 30 September 2006. In the nine months of 2007 EBIT equalled \u20ac 58.81 million compared to \u20ac 67.19 million in the first nine months of 2006.<\/p>\n<p class=\" text-justify\">Pre-tax profit reached \u20ac 7.89 million, up 9.58% compared to \u20ac 7.20 million in the same period of 2006. Net profit too was up 8.88% on the third quarter of 2006. In the nine months of 2007 net profit equalled \u20ac 28.70 million compared to \u20ac 37.10 million in the first nine months of 2006. Net financial position reached \u20ac 275.89 million compared to \u20ac 237.64 million at 30 June 2007.<\/p>\n<p class=\" text-justify\">\u201c<em>We cannot help but be particularly satisfied with the excellent results<\/em>\u00a0&#8211; commented\u00a0<strong>Filippo Carbonari, Managing Director of IGD<\/strong>\u00a0&#8211;\u00a0<em>that we have achieved in terms of turnover and profitability, which confirm the effectiveness of the strategic decisions of the Group also beyond the stabilisation of market yields<\/em>.\u201d<\/p>\n<p class=\" text-justify\">The Board of Directors also gave a separate mandate to the Chairman and to the Managing Director to convene an Extraordinary Meeting in order amend the Company\u2019s by-laws needed to be able to exercise the option of adhering to the new special \u201cSIIQ\u201d regime introduced with the 2007 Financial Act. The condition precedent of the meeting resolutions will, in any case, be the effective exercising of the option due to the uncertainty caused by the current regulatory framework, which is not yet defined.<\/p>\n<p>The new SIIQ investment vehicle is a tool that the Group could use for the future reorganisation of the company.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Board of Directors of IGD S.p.A. met today to examine figures for the third quarter of 2007, which confirmed a double-digit growth in terms both of turnover and profitability.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[88],"class_list":["post-15238","post","type-post","status-publish","format-standard","hentry","category-price-sensitive-en","tag-risultati-economico-finanziari-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/15238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/comments?post=15238"}],"version-history":[{"count":2,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/15238\/revisions"}],"predecessor-version":[{"id":17065,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/15238\/revisions\/17065"}],"wp:attachment":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media?parent=15238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/categories?post=15238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/tags?post=15238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}