{"id":22864,"date":"2017-11-10T12:27:01","date_gmt":"2017-11-10T11:27:01","guid":{"rendered":"https:\/\/www.gruppoigd.it\/ffo-in-crescita-del-228-nei-primi-nove-mesi-2017\/"},"modified":"2019-08-02T11:45:14","modified_gmt":"2019-08-02T09:45:14","slug":"ffo-in-crescita-del-228-nei-primi-nove-mesi-2017","status":"publish","type":"post","link":"https:\/\/www.gruppoigd.it\/en\/ffo-in-crescita-del-228-nei-primi-nove-mesi-2017\/","title":{"rendered":"FFO increases 22.8% in the first nine months of 2017"},"content":{"rendered":"<p style=\"text-align: justify;\">The results for the first nine months of  2017 show that the third quarter also benefitted from improvements in both operations and financial management, which led to a 74.1% increase in the Group\u2019s net profit.<\/p>\n<p style=\"text-align: justify;\">Core business EBITDA was up 7.7% in the first nine months of 2017, as a result of both a 10.7% increase in operating income, as well as continuous cost control.<\/p>\n<p style=\"text-align: justify;\">The validity of the operational management is well summarized in the freehold EBITDA margin  which reached 79.7% at 30 September 2017, an increase of 100 basis points compared to the first nine months of 2016.<\/p>\n<p style=\"text-align: justify;\">The 22.8% increase in the FFO reflects the higher generation of operating cash flow and the benefits linked to the reduction in net financial expense.<\/p>\n<p style=\"text-align: justify;\">Net financial debt amounted to \u20ac1,065.71 million at 30 September 2017, a drop of \u20ac11.05 million compared to year-end 2016: the gearing came to 0.96x.<\/p>\n<table>\n<tbody>\n<tr>\n<td>Core business EBITDA<\/td>\n<td>\u20ac 75.9 mn<\/td>\n<td>+7.7%<\/td>\n<\/tr>\n<tr>\n<td>Frrehold EBITDA margin<\/td>\n<td>79.7%<\/td>\n<td>+100 bps<\/td>\n<\/tr>\n<tr>\n<td>Group net profit<\/td>\n<td>\u20ac 64.7 mn<\/td>\n<td>+74.1%<\/td>\n<\/tr>\n<tr>\n<td>Funds From Operations (FFO)<\/td>\n<td>\u20ac 49.0 mn<\/td>\n<td>+22.8%<\/td>\n<\/tr>\n<tr>\n<td>Loan-to-Value<\/td>\n<td>48.0%<\/td>\n<td>&lt; maximum of 50%<\/td>\n<\/tr>\n<tr>\n<td>Core business revenues<\/td>\n<td>\u20ac 103.4 mn<\/td>\n<td>+6.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The results for the first nine months of 2017 show that the third quarter also benefitted from improvements in both operations and financial management, which led to a 74.1% increase in the Group\u2019s net profit. Core business EBITDA was up 7.7% in the first nine months of 2017, as a result of both a 10.7% [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":22813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[212],"tags":[221,222],"class_list":["post-22864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-igds-results","tag-business-en","tag-risultati-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/22864","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/comments?post=22864"}],"version-history":[{"count":2,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/22864\/revisions"}],"predecessor-version":[{"id":23460,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/22864\/revisions\/23460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media\/22813"}],"wp:attachment":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media?parent=22864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/categories?post=22864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/tags?post=22864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}