- Lamda’s consolidated EBITDA for the first nine months of the year is €94 million, marking a 22% increase year over year.
- The company reported a consolidated net loss of €14.1 million, compared to a €6.1 million loss the previous year.
- Adjusted group consolidated net income for the nine months was €26.3 million, a significant rise from €4.5 million in the previous year.
- The group’s consolidated EBITDA before asset valuations and other adjustments reached €85.7 million, compared to €35.3 million last year.
- CEO Odisseas Athanasiou announced that cash proceeds from property sales at The Ellinikon have approached €1 billion, exceeding the target of €900 million and achieving this ahead of schedule by two months.
- Construction at The Ellinikon is progressing visibly on all fronts, with an expected acceleration in the pace of works in the upcoming quarters despite existing challenges in the construction market, according to the CEO.
A look at Lamda Development Sa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Lamda Development Sa has a mixed long-term outlook. While it shows strong momentum with a score of 5, indicating good growth potential, its dividend and growth scores are respectively at 1 and 2, suggesting some weaknesses in these areas. The company scores moderately on value and resilience with scores of 3, highlighting its stability and fair valuation.
Lamda Development Sa, a holding company listed on the Athens Stock Exchange, focuses on developing land, constructing marinas, and providing yacht maintenance, refurbishing services, and airport services. Its overall Smart Scores signify a company with promising momentum but with room for improvement in areas like dividends and growth.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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