IGD SIIQ, financial results for the first nine months of 2023

The STAR-listed commercial real estate retailer IGD SIIQ has reported financial results for the first nine months of 2023.

Revenues from rental activities amounted to 105.35 million euros, up 3.2% from 102.08 million euros in the same period last year.

Gross operating profit also increased (+6.6%), amounting to 80.8 million euros, compared to 75.8 million euros in the first three quarters of the previous year.

In the first nine months of 2023, IGD SIIQ incurred a loss of 38.95 million euros, in contrast to a profit of 38.67 million euros in the same period of 2022, due to the deprecation of assets by 86.6 million euros under fair''at a cost.

The net income (FFO) amounted to 44.4 million euros, down 11.9% compared to the first nine months of 2022 due to high financing costs.

By September 30, 2023, net debt was 970.86 billion euros, down from 976.94 million euros at the beginning of the year.

This text is provided for informational purposes only, is subject to change at any time and does not constitute a call for public investment.