The results posted at 31 December 2017 show an increase of 6.7% in core business EBITDA with the EBITDA margin coming in at 69.7%, versus 69.3% in the prior year. Thanks to the combination of effective commercial policies and asset management, the freehold EBITDA margin reached 79.2%.<\/p>\n
FFO rose 21.7%, higher than the guidance of 20% which was revised upward in August, due to robust cash flow generation and the drop in interest payable as a result of the lower cost of debt which went from the 3.3% posted in 2016 to 2.8% in the year that just ended.<\/p>\n
Net financial debt, which amounted to \u20ac1,059.6 million at the end of December 2017, was basically in line with December 2016. Based on the appraisals of the independent experts the fair value of the properties reached \u20ac2,228 million at year-end 2017, including the extension of the ESP Shopping Center inaugurated in June.<\/p>\n
The loan-to-value came to 47.4% at the end of 2017, an improvement compared to the 48.3% reported at year-end 2016 and below the 50% level which means IGD\u2019s debt will continue to be classified as investment grade.<\/p>\n
Core business EBITDA<\/strong><\/td>\n| \u20ac 101.2 mn<\/td>\n | +6.7%<\/td>\n<\/tr>\n | Freehold EBITDA margin | \n<\/strong><\/td>\n 69.7%<\/td>\n | +40 bps<\/td>\n<\/tr>\n | Group net profit<\/strong><\/td>\n | \u20ac 86.5 mn<\/td>\n | +26.5%<\/td>\n<\/tr>\n | Funds From Operations (FFO)<\/strong><\/td>\n | \u20ac 65.6 mn<\/td>\n | +21.7%<\/td>\n<\/tr>\n | Loan-to-Value<\/strong><\/td>\n | 47.4%<\/td>\n | < max. level of 50%<\/td>\n<\/tr>\n | Core business revenue<\/strong><\/th>\n | \u20ac 145.1 mn<\/th>\n | +6.0%<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n | <\/p>\n","protected":false},"excerpt":{"rendered":" The results posted at 31 December 2017 show an increase of 6.7% in core business EBITDA with the EBITDA margin coming in at 69.7%, versus 69.3% in the prior year. Thanks to the combination of effective commercial policies and asset management, the freehold EBITDA margin reached 79.2%. FFO rose 21.7%, higher than the guidance of […]<\/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-22914","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\/22914","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=22914"}],"version-history":[{"count":2,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/22914\/revisions"}],"predecessor-version":[{"id":23435,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/22914\/revisions\/23435"}],"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=22914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/categories?post=22914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/tags?post=22914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |