Lamda Development stock trades at EUR 6.19 after H1 results

Published on 09/29/2026 at 21:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lamda Development stock was trading at EUR 6.19 on September 29, 2026, down 0.16 percent versus EUR 6.20. H1 residential revenue rose 30 percent to EUR 164 million.

Lamda Development, GRS245213004, Illustration mit AI erstellt.

Lamda Development stock (ISIN GRS245213004) was trading at EUR 6.19 at Lang & Schwarz on September 29, 2026 at 9:02 p.m. CEST, down 0.16 percent versus the prior close of EUR 6.20 on September 28, 2026. The latest half-year figures show a split performance: residential sales are expanding, while The Ellinikon's construction phase is weighing on group earnings.

Residential revenue rises 30 percent

According to Yahoo Finance on September 17, 2026, Lamda Development generated EUR 265 million in total revenue in the first half of 2026. Residential development revenue reached EUR 164 million, up 30 percent from the first half of 2025, making housing sales the clearest growth engine in the reported period.

The operating portfolio supplied a counterweight. Adjusted EBITDA from the four malls reached EUR 50 million in the first half of 2026, 5 percent above the prior-year period, while Flisvos Marina EBITDA rose 10 percent to EUR 9.3 million. These figures show that recurring assets are contributing more steadily even as the flagship project requires heavy investment.

Ellinikon investment compresses EBITDA

Group consolidated EBITDA was EUR 22 million in the first half of 2026. Construction and infrastructure spending at The Ellinikon accelerated by EUR 276 million, 52 percent above the comparable period, and cumulative project CapEx reached EUR 1.3 billion through June 2026, according to the same Yahoo Finance transcript.

Management retained its 2026 targets of EUR 1.6 billion in CapEx and EUR 600 million in cash collections. The investment profile explains why revenue growth has not translated into comparable group EBITDA: development costs are being recognized before the full contribution from completed assets arrives.

Index addition meets a lower valuation

MarketScreener reported on September 21, 2026, that Lamda Development was added to the EPRA/NAREIT Global Non-REITs Greece Index. The company had a market capitalization of EUR 1.0 billion on September 29, 2026, while its 52-week range was EUR 5.85 to EUR 7.90. The EUR 6.19 reference price therefore stood EUR 1.71 below the yearly high and EUR 0.34 above the low.

Lamda Development stock trades at EUR 6.19

Lamda Development stock was trading at EUR 6.19 at Lang & Schwarz on September 29, 2026 at 9:02 p.m. CEST, down 0.16 percent versus the prior close of EUR 6.20 on September 28, 2026. The market is weighing rising residential revenue against the near-term earnings effect of Ellinikon construction spending.