LAMDA Development reports strong Q1 2026 revenue from malls and residential sales, despite Ellinikon project costs

uk.investing.com

LAMDA Development reported strong Q1 2026 revenue growth driven by residential sales and record mall performance, but profitability declined due to project costs. The company's revenue rose 35% year-over-year to €143 million, yet net results worsened to -€17.7 million, primarily due to increased non-recoverable VAT and finance costs. Despite these pressures, LAMDA's operating malls and marinas achieved record results, and the company maintains substantial liquidity for its ongoing Ellinikon development.


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LAMDA Development reports strong Q1 2026 revenue from malls and residential sales, despite Ellinikon project costs | News Minimalist