THE GENERAL SHAREHOLDERS MEETING APPROVES THE FINANCIAL STATEMENT AT 31 DECEMBER 2017 2017, ANOTHER YEAR WITH EXCELLENT RESULTS FOR THE WINMARKT NETWORK

Bucuresti - 30 mai 2018 -

Winmarkt Group, the Romanian subsidiary of the Italian group Immobiliare Grande Distribuzione (IGD), which owns and manages 15 properties, 14 shopping centers and an office building, in 13 cities across the country, announces the financial statement for 2017.

HIGLIGHTS (LOCAL GAAP)

•    Gross Margin from letting: 9,35 mil. euro (+5.4% vs 2016)

•    EBITDA (local): 6,6 mil. euro (+7.7% vs 2016)

•    Group Net Profit (local): 2,6 mil euro (+148% vs 2016)

•    FFO: 6,1 mil euro (+8.0% vs 2015)

•    Dividends paid: 4 mil. euro

•    New investments: 2,2 mil. euro

•    Occupancy rate: 96,4% ( vs 96.1% in 2016)

•    Footfalls: 30,6 mil. visitors (-2,3% vs 2016)

Winmarkt concludes 2017 with rising results and improved values for most indicators.

Carlo Barban, CEO and Managing Director of the Winmarkt Group, commented: "We are very pleased with the operational and economic-financial performances for 2017. Winmarkt has had a steady and organic growth over the years, which has provided confidence and has strengthened the trust of our business partners. We shall continue to develop our business in a solid and sustainable manner and we shall remain persistent in obtaining the best results and solutions to improve our activity."

The group continues the strategy of consolidating the Winmarkt network, confirming once again the objectives of 2016-2018 business plan. The constant improvement of the commercial mix, the optimization and the efficiency of the operational costs, as well as the continuous updating of the real estate properties remain the main directions for the year 2018.

Marius Ionescu –Commercial Manager Winmarkt: „2017 was the third consecutive year of revenue growth, which confirms us that the strategy implemented in recent years is the right one for our portfolio of shopping centers. The most important bet that we made, and that has proved to be the winner, was the decision to reconfigure the upper floor spaces that have been transformed into office spaces, fitness halls, entertainment areas or medical clinics.”

CSR – Sustanability report

Corporate Social Responsibility (CSR) is an important element of Winmarkt's strategy not only for Winmarkt's success but also for promoting a sustainable future. Annually, the Group carries out a sustainability report to measure environmental impact, employees and the economic environment, in compliance with Global Reporting Initiative (GRI) standards. The main focus is over the real estate sector since Winmarkt's main business being renting commercial spaces (property, asset and facility management). The information included in the report is both verified and validated by an external authority. 

• 2/3 Winmarkt shopping centers consumed less than last year (electricity and fuel)

• we have increased the waste sorting by 4% compared to 2016

• 3% more paper and cardboard was collected

• 63% of Winmarkt employees are female

Mihaela Mustata, PR& Communications Officer Winmarkt: „Winmarkt's sustainability report is on the one hand a tool for analyzing the impact on the environment, the employees and the communities we are part of, and on the other hand it is a commitment of being a responsible company, which promotes a culture of integrity, equality and transparency for employees and business partners."

37001 ISO Certification

Also, the Winmarkt network is the first company in Romania to obtain ISO 37001 Accreditation Certification (Anti-bribery management systems). ISO 37001 is the only standard globally recognized that can be used to certify the corruption prevention management system that indicates the measures and controls that an organization can take to monitor its activities and increase the effectiveness of preventing corruption.

About Winmarkt:

Acquired in 2008 by the Italian company IGD - Immobiliare Grande Distribuzione – Winmarkt is one the most widespread network of shopping centers in Romania. Winmarkt portfolio includes 14 shopping centers and an office building, located in the central areas of 13 cities: Alexandria, Bistrita, Braila, Buzau, Cluj-Napoca, Galati, Piatra Neamt, Ploiesti, Ramnicu Valcea, Slatina, Tulcea, Turda si Vaslui.


www.winmarkt.ro


 



www.gruppoigd.it





 

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Cuvinte cheie:  Winmarkt Group  Carlo Barban  Mihaela Mustata 

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THE GENERAL SHAREHOLDERS MEETING APPROVES THE FINANCIAL STATEMENT AT 31 DECEMBER 2017  2017, ANOTHER YEAR WITH EXCELLENT RESULTS FOR THE WINMARKT NETWORK

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