L

Lamda Development SA
ATHEX:LAMDA

Watchlist Manager
Lamda Development SA
ATHEX:LAMDA
Watchlist
Price: 7.18 EUR -1.1% Market Closed
Market Cap: 1.3B EUR

Lamda Development SA
Investor Relations

Lamda Development SA, a prominent player in the real estate sector, stands as an exemplar of innovative urban development in Greece. Founded in 1977, the company has carved a niche for itself in the realm of creating and managing multifaceted commercial projects. Lamda Development specializes in the development, investment, and management of premium retail property, offices, and residential projects, with a particular focus on infrastructure that revitalizes and reshapes urban spaces. The company’s portfolio features some of the most significant commercial and leisure projects in Greece, and it draws substantial revenue from its diversified operations. These projects are not only designed to accommodate the needs of modern urban living but also to enhance the lifestyle of the communities they serve.

One of Lamda Development's most ambitious undertakings is the redevelopment of the former Hellinikon airport site into a modern metropolitan park, which encapsulates its strategic focus on large-scale urban and commercial developments. This project, often hailed as one of Europe’s largest urban regeneration developments, showcases Lamda's ability to orchestrate complex projects that blend residential, commercial, and leisure components into cohesive urban environments. Revenue streams for Lamda Development mainly stem from rental income, asset appreciation, and strategic real estate sales, all of which are amplified by its adept management of retail assets like shopping malls and mixed-use developments. The company's financial success is further bolstered by its strategic partnerships and investment ventures, which align with broader economic trends and urbanization needs, thereby ensuring sustainable growth and a robust financial outlook.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Sep 18, 2025
AI Summary
Q2 2025

Record Results: LAMDA Development reported record performance across all segments in H1 2025, with consolidated EBITDA up over 4x year-over-year to EUR 237 million.

Ellinikon Growth: Ellinikon project EBITDA soared to EUR 53 million, 7x higher YoY, driven by strong residential sales and construction progress.

Malls & Marinas: Malls delivered record EBITDA of EUR 45.5 million (up 4% YoY) and marinas achieved record EBITDA of EUR 10 million (up 2% YoY), despite operational challenges.

Asset Revaluation: There was a significant EUR 130 million increase in the valuation of operating malls, attributed to yield compression and improved macro conditions.

Land Sales Strength: Residential land plot sales set new benchmarks, with recent transactions at up to EUR 2,700 per sq.m, and Little Athens units nearly sold out.

Strong Balance Sheet: Net asset value per share rose over 10% to EUR 9.22, and cash stood at EUR 700 million at June-end, before a EUR 230 million bond repayment in July.

CapEx & Guidance: CapEx is on track for EUR 500 million in 2025, with EUR 200 million already invested; labor market remains tight but construction progress steady.

Strategic Partnership: A EUR 450 million deal with ION Group to develop a global R&D campus launched the Ellinikon business district and is expected to attract more international demand.

Key Financials
Consolidated EBITDA
EUR 237 million
Ellinikon EBITDA
EUR 53 million
Retail EBITDA (Malls)
EUR 45.5 million
Marinas EBITDA
EUR 10 million
Marinas Revenue
EUR 16.6 million
Malls Tenant Sales
EUR 390 million
Net Profit
EUR 128 million
Net Asset Value per Share
EUR 9.22
Group Total Investment Portfolio
EUR 3.7 billion
Cash Balance (June 2025)
EUR 700 million
Cash Balance (Post-July 2025)
EUR 400 million
CapEx (H1 2025)
EUR 181 million
Total CapEx (since project start to June 2025)
EUR 744 million
Ellinikon Residential Revenue Recognition (H1 2025)
EUR 126 million
Ellinikon Property Sales Revenue (H1 2025)
EUR 104 million
Total Cash Proceeds from Sales/Leases (since project launch to Aug 2025)
EUR 1.4 billion
Cash Collections for Ellinikon (2025)
EUR 290 million
Yield Compression (Operating Malls, last 12 months)
80 basis points
ECB Rate Reduction (June 2024 to June 2025)
175 basis points
Rental Rate (Riviera Galleria)
Over EUR 85 per GLA
Rental Rate (Ellinikon Mall)
EUR 55 per GLA
Other Earnings Calls
2024
2023
2021

Management

Mr. Odisseas E. Athanasiou
CEO & Executive Director
No Bio Available
Mr. Charalampos Ch. Harris Gkoritsas
Chief Financial Officer
No Bio Available
Mr. Christos Nikolopoulos
Chief Operating Officer
No Bio Available
Mr. Theodoros A. Gavriilidis MRICS
Chief Investment Officer
No Bio Available
Mr. John Ioannis Giannakopoulos
Chief Legal Counsel, Company Secretary & Chief Compliance Officer
No Bio Available
Ms. Sissy Iliopoulou
Chief Marketing & Communications Officer
No Bio Available
Ms. Lydia Maglara
Chief Human Resources Officer
No Bio Available
Mr. Dimitris Karastogiannis
Chief Corporate Affairs & Business Development Officer
No Bio Available
Ms. Mary Papakonstantinou
Chief Internal Auditor
No Bio Available
Ms. Melina-Sotiria Paizi
Managing Director at LAMDA Malls
No Bio Available

Contacts

Address
ATTIKI
ATHINA
37A Kifissias Ave. (Golden Hall), Maroussi
Contacts
+302107450600.0
www.lamdadev.com