Lamda Development SA (OTCPK:LMDFF)
$ 8.01 (0%) Market Cap: 1.28 Bil Enterprise Value: 2.34 Bil PE Ratio: 12.36 PB Ratio: 0.86 GF Score: 64/100

Q2 2025 Lamda Development SA Earnings Call Transcript

Sep 18, 2025 / 03:00 PM GMT
Release Date Price: $8.01

Key Points

Positve
  • Lamda Development SA (FRA:LDQ) reported record results for its malls and marinas, with significant revaluation gains.
  • The company successfully repaid a EUR230 million green bond in July, improving its financial position.
  • A transformational EUR450 million transaction with the Ion Group to develop a global R&D and innovation campus is expected to benefit both the company and the region.
  • Consolidated EBITDA reached EUR237 million, over four times higher year-over-year, reflecting strong momentum across all business segments.
  • The group's net result reached EUR128 million, a significant improvement from losses in the first half of 2024.
Negative
  • The construction market remains difficult, with tight labor conditions impacting progress.
  • Short-term financials may be negatively impacted by the reduction in berth capacity at A Cosmas Marina due to renovations.
  • Operating expenses were lower due to a higher base last year, but future expenses remain uncertain.
  • The repayment of the green bond reduced cash reserves from EUR700 million to EUR400 million.
  • The timeline for receiving cash from recent land sales is uncertain, dependent on the issuance of building permits.


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

LMDr.AT - Lamda Development SA
Q2 2025 Lamda Development SA Earnings Call
Sep 18, 2025 / 03:00PM 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 am Mina, your courses call operator. Welcome and thank you for joining the lambda Development Conference call and live webcast to present and discuss the first half of 2025 financial results. At this time, I would like to turn the conference over to Mr. Apostolos Zafolas, chief strategy NIR. Mr. Zafolas, you may now proceed.

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Unidentified_2 [2]
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Thank you. Good evening and thank you all for joining us to discuss our results for the first half of 2025.

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