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Lamda Development S A : Παρουσίαση Αποτελεσμάτων Έτους 2024
Lamda Development S A : Παρουσίαση Αποτελεσμάτων Έτους
About this update from Lamda Development S.a.
[{"type":"text","content":"FY2024 RESULTS PRESENTATION\n Results Conference Call / Live Webcast\n 27 March 2025\n ContentsGroup Results Highlightspage4\n Highlights for Malls, Marinas & The Ellinikon\n page\n 14\n Appendix\n page\n 28\n Group Balance Sheet & Key Ratios\n page\n 29\n Detailed Analysis: Malls\n page\n 33\n Development Assets (The Ellinikon): Progress of Works\n page\n 39O1Group Results Highlights\n FY2024 Financial Performance at a glanceGroup Consolidated\n Revenue €665m EBITDA €197m\n Net Result €46m NAV €1.4bn\n +48% vs. 2023\n After Assets Valuation & Other adjustments\n After Taxes &\n Minorities\n €8.28/share\n Investment Assets\n Malls, Marinas & Other\n Retail1 EBITDA €88m Marinas EBITDA €19m\n New Record +9% vs. 2023\n New Record +8% vs. 2023\n Malls1 NAV €1.0bn\n Other2 NAV €0.1bn\n Development Assets\n The Ellinikon\n EBITDA €97m\n Cash Proceeds3 €1.1bn\n before Assets Valuation\n +50% vs. 2023\n cumulative from project start\n NAV € 0.4bn CAPEX4 €564m\n cumulative from project startNote: all amounts are rounded figures\n 1. Details on LAMDA MALLS Group EBITDA (slide #16) and NAV (slide #13)\n 2. Includes Land plots, Flisvos Marina, Offices and other assets. Excludes HoldCo Debt/Cash,\n Minorities and other adjustments.\n 3. Cash proceeds from (i) signed contracts (SPAs) (excl. intragroup) and (ii) pre-agreement deposits.\n Aggregate cash proceeds from project start and until 31.12.2024\n 4. Buildings & Infrastructure total CAPEX from project start and until 31.12.2024\n Group FY2024 HighlightsGroup71% increase y-o-y of Consolidated Net Results at €46m 30% increase y-o-y to Consolidated EBITDA before valuations at €171m €191m increase in Total Cash in 2024; Group Total Cash at €679mMallsRecord Retail EBITDA before valuations at €88m, or 9% increase y-o-y GAV exceeded €1.5bn and NAV surpassed €1.0bn mark50% increase of EBITDA before valuations at €97m\n EllinikonOver €1.1bn total Cash Proceeds from property sales through February 2025 Additional c€30m of EBITDA from land plot sales to be booked in H1 2025\n Note: all amounts are rounded figures\n Group Balance Sheet Snapshot 31.12.2024 vs 31.12.2023Assets Valuation (Gross Asset Value - GAV)\n NAV per share1 (€)31.12.2024\n 31.12.2023\n in €m\n Other\n Malls\n EllinikonNAV (Net Asset Value)31.12.2024\n 31.12.2023Group Borrowings2 (Bank Loans & Bonds)\n O...