Lamda Development stock gains 2.58 percent in after-hours trading

Published on 09/30/2026 at 21:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lamda Development stock was valued at EUR 1.1 billion on September 30, 2026. H1 2026 residential revenue rose 30.00 percent to EUR 164.0 million.

Lamda Development, GRS245213004, Illustration mit AI erstellt.

Lamda Development (ISIN GRS245213004) stock was trading at EUR 6.35 at Lang & Schwarz on September 30, 2026 at 9:50 p.m. CEST, up 2.58 percent versus the prior close of EUR 6.19. The latest operating picture combines stronger residential sales with heavy construction spending at The Ellinikon.

Residential sales lead growth

In its first-half 2026 earnings call, Yahoo Finance reported group revenue of EUR 265.0 million for the six months ended June 30, 2026. Revenue was down 20.00 percent year over year, a decline management attributed to the timing of Ellinikon land-plot sales.

The residential segment moved in the opposite direction. Residential revenue reached EUR 164.0 million in the first half of 2026, up 30.00 percent from the same period in 2025, according to Yahoo Finance.

Construction spending weighs on EBITDA

Consolidated EBITDA stood at EUR 22.0 million in the first half of 2026 as construction and infrastructure activity accelerated. CapEx increased by EUR 276.0 million during the period, representing a 52.00 percent year-over-year increase and bringing cumulative project CapEx to EUR 1.3 billion by June 30, 2026.

The operating assets offered a counterweight. Malls EBITDA reached EUR 46.6 million, or EUR 50.0 million after adjusting for EUR 3.4 million of intra-group recharges, which was 5.00 percent higher year over year, while Flisvos Marina EBITDA rose 10.00 percent to EUR 9.3 million.

Index addition and valuation context

MarketScreener reported on September 21, 2026, that Lamda Development was added to the EPRA/NAREIT Global Non-REITs Greece Index. The same page lists five analysts, a mean consensus of Buy and an average target price of EUR 10.04.

That target is EUR 3.69 above the Lang & Schwarz price of EUR 6.35, a difference of 58.11 percent. The comparison highlights the market's focus on execution at The Ellinikon, where residential revenue is growing while infrastructure investment is temporarily compressing reported profitability.

Lamda Development stock gains in after-hours

Lamda Development stock was trading at EUR 6.35 at Lang & Schwarz on September 30, 2026 at 9:50 p.m. CEST, plus 2.58 percent versus the prior close of EUR 6.19 on September 29, 2026.