{"id":15254,"date":"2007-09-12T15:30:36","date_gmt":"2007-09-12T13:30:36","guid":{"rendered":"https:\/\/www.gruppoigd.it\/il-consiglio-di-amministrazione-approva-la-relazione-semestrale-al-30-giugno-2007\/"},"modified":"2019-01-11T10:44:51","modified_gmt":"2019-01-11T09:44:51","slug":"il-consiglio-di-amministrazione-approva-la-relazione-semestrale-al-30-giugno-2007","status":"publish","type":"post","link":"https:\/\/www.gruppoigd.it\/en\/il-consiglio-di-amministrazione-approva-la-relazione-semestrale-al-30-giugno-2007\/","title":{"rendered":"The Board of Directors approves the Half-Yearly Report as at 30 June 2007"},"content":{"rendered":"<div class=\"intro\">\n<ul>\n<li><strong>Value of production up to \u20ac 36.23 million<\/strong><\/li>\n<li><strong>Gross Operating Margin (EBITDA) up to \u20ac 22.94 million<\/strong><\/li>\n<li><strong>Operating Margin (EBIT) of \u20ac 47.29 million<\/strong><\/li>\n<li><strong>Net profits of \u20ac 24,00 million<\/strong><\/li>\n<li><strong>Net financial position of \u20ac 237,64 million<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<\/div>\n<div class=\"body\">\n<p>Exchange, operating in the retail real estate sector \u2013 examined today the figures of 2007 HY.<\/p>\n<p>2007 HY closed with a value of production of \u20ac 36.23 million, up 26.01% compared to \u20ac 28.75 million of 2006 HY.<\/p>\n<p>EBITDA was \u20ac 22.94 million, up 25.39% compared to 30 June 2006 (\u20ac 18.29 million).<\/p>\n<p class=\" text-justify\">Real estate assets continue to grow, showing how value creation in the shopping centre sector is linked mainly to real estate assets\u2019 profitability. In fact leasing revenue growth, on a like-for-like basis, was higher than the indexation to inflation rate. Hence the change in fair value was \u20ac 24.5 million higher than that one obtained in second half 2006, 17.52 million, and lower than that one obtained during the first half of the same year, 39.9 million . That\u2019s why EBIT \u2013 \u20ac 47.29 million \u2013 and Net Profit \u2013 \u20ac 24 million \u2013 are down \u20ac 10.4 and \u20ac 8.8 million respectively.<\/p>\n<p class=\" text-justify\">Development activities continue, also anticipating almost all of the investments the new Business Plan provided for 2008. In keeping with the growth and the related capital collection aimed at its financing, the net financial position stood at \u20ac 237.6 million compared to \u20ac 338 million at December 2006. Igd cost of debt is particularly good having a interes rate lower than 4% for 90% of it completely hedged.<\/p>\n<p class=\" text-justify\">\u201c<em>The good results of the report in terms of revenue and operating result<\/em>\u00a0\u2013 stated<strong>\u00a0Filippo Carbonari, CEO of IGD<\/strong>\u00a0\u2013\u00a0<em>confirm the validity of Igd\u2019s business model, also due to the company\u2019s focus on the Shopping Centre sector, assuredly less cyclical than other real estate sectors. In fact, in a phase of market-performance trend consolidation, value can be created mostly by actively managing the centres. And this is the reason Igd\u2019s centres are so successful<\/em>\u00a0\u2013 Carbonari continued \u2013<em>\u00a0and so we manage to achieve important but sustainable increases in operators\u2019 rentals. Compared to the previous reference period, in this half their growth more than offset the inflation rate on a like-for-like basis<\/em>.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Exchange, operating in the retail real estate sector \u2013 examined today the figures of 2007 HY.<\/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-15254","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\/15254","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=15254"}],"version-history":[{"count":2,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/15254\/revisions"}],"predecessor-version":[{"id":17042,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/15254\/revisions\/17042"}],"wp:attachment":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media?parent=15254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/categories?post=15254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/tags?post=15254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}