Sparks commentary - Lamda Development

Real Estate

Sparks - Lamda Development

More on this equity
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.

 

 

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free