LAMDA Development Holding and Real Estate Development S.A.

Latest Results (14.08.2024):

Group EBITDA Growth

LAMDA Development Holding and Real Estate Development S.A. reported a significant 69% increase in consolidated operating results (EBITDA) for FY2023, reaching €206 million. This marks a substantial improvement compared to the previous year, showcasing the company's robust financial performance.

Net Profit Turnaround

For FY2023, LAMDA Development Holding and Real Estate Development S.A. achieved a consolidated net profit of €27 million, a notable turnaround from the €31 million loss reported in 2022. This positive shift underscores the company's successful financial strategies and operational efficiencies.

Record Mall EBITDA

The four shopping centers operated by LAMDA Development Holding and Real Estate Development S.A. reached a new historical record for operating profit (EBITDA) in FY2023, amounting to €81 million. This represents an 18% increase compared to 2022, highlighting the strong performance of their retail assets.

Marina Revenue and Profit

LAMDA Development Holding and Real Estate Development S.A.'s marinas also set new records in FY2023, with revenues reaching €29 million and operating profits (EBITDA) hitting €18 million. These figures represent a 6% and 5% increase, respectively, over the previous year, indicating robust growth in their marina operations.

The Ellinikon Project Profitability

The Ellinikon project, a major development by LAMDA Development Holding and Real Estate Development S.A., achieved operating profitability (EBITDA) of €65 million in FY2023. This milestone was reached just two and a half years after the acquisition of Hellinikon S.A. shares, demonstrating the project's rapid progress and financial viability.