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Immobiliare Grande Distribuzione SIIQ S.p.A. (IMMQF) Q1 2026 Earnings Call Transcript
2026-05-10 · via All Articles on Seeking Alpha

Immobiliare Grande Distribuzione SIIQ S.p.A. (IMMQF) Q1 2026 Earnings Call May 7, 2026 8:30 AM EDT

Company Participants

Roberto Zoia - CEO, GM & Director

Conference Call Participants

Simonetta Chiriotti - Mediobanca - Banca di credito finanziario S.p.A., Research Division
Steven Boumans - ODDO BHF Corporate & Markets, Research Division
Federico Pezzetti - Intermonte SIM S.p.A., Research Division

Presentation

Operator

[Interpreted] Good afternoon. This is the Chorus Call operator. Welcome to IGD's conference call presenting Q1 2026 results. [Operator Instructions] Let me now turn the conference over to Mr. Roberto Zoia, CEO and General Manager of IGD. Mr. Zoia, please go ahead.

Roberto Zoia
CEO, GM & Director

[Interpreted] Thank you very much. Welcome to all of you. Good afternoon. And let's start straight away so that I can leave more room for your questions. By way of introduction, let me say that this quarterly report confirms the pathway we started in April 2024 when I was appointed together with a new Board. And you will see in my presentation that the pathway we started is still giving tangible results and constant and consistent over time.

Let's move to Page 2 in the presentation. I wanted to remind you of disposals and Romania. This is a topic we've been discussing a lot, but we've had disposals in the first quarter of 2026. Three of it are one on March 2nd and two on April the 21st. The negotiations launched us to the sale of eight assets for a total consideration, EUR 32.5 million. There are still seven assets to dispose of.

Let me remind you that among the seven, there's Ploiesti Grand Center Omnia, and alone it's got EUR 40 million, and the other six are about EUR 35 million-EUR 36 million. So the goal for 2026 is the disposal of the six small