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Sparks commentary - Lamda Development

Financials

Sparks - Lamda Development

More on this equity
LAMDA (ASE: LAMDA) – FY24 EBITDA (before valuations) up 30% to €171m
Published by Andy Murphy

LAMDA’s FY24 pre-revaluation EBITDA was up strongly in all main business lines, including the four operating malls, the marinas and the Ellinikon Project. It also received €589m in cash proceeds from property sales of assets in the Ellinikon Project, bringing cumulative cash proceeds from the start of the project to the end of February of more than €1.1bn. Group NAV increased from €1,392m to €1,445m, implying that year-end NAV per share grew to €8.28 versus a current price of €6.60 per share.

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