LAMDA Development's 9-Month 2026 EBITDA at 35 Million
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6 Articles
LAMDA Development S.A. (“LAMDA” or “Company”), the largest real estate development company in Greece, announced results for the Nine Months of 2026. FINANCIAL RESULTS OVERVIEW NINE MONTHS 2026 Commenting on the financial results, LAMDA Development’s CEO, Odysseas Athanasiou, stated: “Our Commercial Destinations continued their strong performance, setting new records while Marina […]
LAMDA Development S.A., the largest real estate development company in Greece, announced results for the 9 months of 2026. Commenting on the financial results, LAMDA Development CEO, Odysseas Athanasiou, stated: “Our shopping destinations continued their strong course, recording new records while Flisvos Marina also recorded historically high levels of total revenue […] The post Lamda: Losses of 60 million euros despite records in shopping cente…
Malls' operating profitability increased by 4%. Increased infrastructure spending in Hellinikon and the timing of property sales weighed on results.
Total proceeds from sales and leases of properties in Hellinikon exceeded 1.85 billion euros since the start of the project.
Announcement of Financial Results for the Nine Months of 2026Financial Results for the Nine Months of 2026
Consolidated revenue stood at €420.3 million, down 5%, while EBITDA fell to €34.8 million, from €252.7 million last year. The value of Lamda Development's investment portfolio reached a new historical high, close to €4 billion, at the end of September 2026, with the company recording strong performances in shopping centers and Flisvos Marina. However, increased costs for the implementation of infrastructure projects in Hellinikon and the timing …
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