Q1 2025 Lamda Development SA Earnings Call Transcript

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May 29, 2025

May 29, 2025 / 03:00PM GMT
Operator

Ladies and gentlemen, thank you for standing by. I'm Konstantinosoor's call operator. Welcome and thank you for joining the Lambda Development Conference call and live webcast to present and discuss the first quarter 2025 financial results. At this time, I would like to turn the conference over to Mr. Apostolos Zafolias, Chief Strategy and IR. Mr. Zafolias, you may now proceed.

Apostolos Zafolias - Lamda Development SA - Chief Strategy & IR Officer

Thank you. Good evening and thank you for joining us to discuss our first quarter results. The first quarter of 2025 was dominated by record breaking results for our malls as well as the marinas. We also achieved significant commercial and construction progress at the Heinicum, which we will outline below.

At a group level, we reported consolidated EBITDA of EUR17.4 million. Our malls and marinas both registered new records. Retail EBITDA for the malls was EUR23 million for the first quarter, with our operating malls delivering the strongest first quarter in history across almost every performance metric

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