New all-time record Retail EBITDA (4 Shopping Centers in operation) before depreciation and amortization at €66 million, up 7% vs. 2023 New all-time record EBITDA for Marinas at €16 million, up 14% vs. 2023
Significant EBITDA profitability boost for the Ellinikon project at €31m, together with almost €1bn of proceeds from property sales from the start of the project until 31.10.2024, already exceeding the target set for the end of 2024
Commenting on the Nine Months 2024 financial results, LAMDA Development CEO, Mr. Odysseas Athanasiou, said: "All of the Group's business segments continue their upward trend in Nine Months 2024. The shopping Centres in operation, as well as the marinas, continue to set new records of profitability. At the same time, total real estate sales receipts from the Hellenikon Project are already approaching €1 billion, having exceeded the target of €900 million, two months ahead of our year-end target. Sales of residential developments continue at a dynamic pace, with bookings in the Little Athens neighbourhood reaching 85% of the apartments available for sale. Construction progress is now visible on all fronts, and we expect the pace of work to intensify in the coming quarters, despite the difficulties in the construction market."