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Sparks commentary - Lamda Development

Real Estate

Sparks - Lamda Development

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LAMDA Development (FRA: LDQ) – Nine month results hit record EBITDA levels
Published by Andy Murphy

LAMDA Development performed well in the first nine months, reporting a 155% increase in EBITDA to a record level of €89.8m, including a small gain from a property disposal. The four operating malls reported a 7% increase in EBITDA to €66m and the marinas business’s EBITDA increased to €16m, both record levels for their respective divisions. The Ellinikon project reported EBITDA of €31m and has generated almost €1bn in cash proceeds since its commencement through to the end of October 2024.

 

 

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