Lamda Development SA (ATH:LAMDA)
€ 6.69 +0.060 (+0.9%) Market Cap: 1.17 Bil Enterprise Value: 1.95 Bil PE Ratio: 33.45 PB Ratio: 0.96 GF Score: 55/100
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Q4 2024 Lamda Development SA Earnings Call Transcript

Mar 27, 2025 / 04:00 PM GMT
Release Date Price: €6.75 (+0.15%)

Key Points

Positve
  • Lamda Development SA (FRA:LDQ) reported a 71% increase in net profits, reaching €46 million for 2024.
  • The company's cash collections were impressive, totaling €1.1 billion, with €600 million collected in 2024 alone.
  • Operational businesses, particularly malls and marinas, showed strong performance with record results, including a 9% increase in EBITDA for malls.
  • The company's cash position improved significantly, with cash increasing from €488 million to €680 million by the end of 2024.
  • Lamda Development SA (FRA:LDQ) has secured financing for its Riviera Galleria project, ensuring the continuation of construction without delays.
Negative
  • The company faces ongoing labor shortages, which could impact construction timelines, particularly for the Riviera Tower and infrastructure works.
  • New regulations have introduced challenges, requiring redesigns and potentially causing delays in construction projects.
  • The Riviera Tower project is delayed, with completion now expected by the summer of 2027, later than originally planned.
  • Despite strong cash collections, the company still has a significant net debt of half a billion euros.
  • The construction completion for the Riviera Galleria is expected by the end of 2026, with opening to customers likely delayed until early 2027.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LMDr.AT - Lamda Development SA
Q4 2024 Lamda Development SA Earnings Call
Mar 27, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. I'm Konstantinojoors call operator. Welcome and thank you for joining the Lambda Development Conference call and live webcast to present and discuss the full year 2024 financial results. At this time, I would like to turn the conference over to Mr. Odysseus Safanasio, CEO. Mr. Lahanasu, you may now proceed.

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Unidentified_2 [2]
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Thank you. Good afternoon to all of you and thank you for the time you're putting in this.

Attendance, I will start with the main financial results for the group, and then
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