LAMDA Development S.A.

ATSE:LAMDA Stock Report

Market Cap: €1.0b

LAMDA Development Management

Management criteria checks 3/4

LAMDA Development's CEO is Odisseas Athanasiou, appointed in Jan 2009, has a tenure of 17.33 years. total yearly compensation is €2.27M, comprised of 28.6% salary and 71.4% bonuses, including company stock and options. directly owns 1.19% of the company’s shares, worth €12.18M. The average tenure of the management team and the board of directors is 3.9 years and 6.9 years respectively.

Key information

Odisseas Athanasiou

Chief executive officer

€2.3m

Total compensation

CEO salary percentage28.57%
CEO tenure17.3yrs
CEO ownership1.2%
Management average tenure3.9yrs
Board average tenure6.9yrs

Recent management updates

Recent updates

Narrative Update May 09

LAMDA: Higher Margin Outlook May Support Re Rating Over Time

Analysts have trimmed their price target for LAMDA Development by €0.40 to reflect a higher discount rate, more moderate revenue growth assumptions, and a higher future P/E multiple, alongside materially stronger projected profit margins. Valuation Changes Fair Value: trimmed from €9.0 to €8.6, reflecting a small downward adjustment in the target valuation.
Analysis Article Apr 17

Do LAMDA Development's (ATH:LAMDA) Earnings Warrant Your Attention?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Dec 25

LAMDA Development's (ATH:LAMDA) Solid Profits Have Weak Fundamentals

LAMDA Development S.A.'s ( ATH:LAMDA ) robust earnings report didn't manage to move the market for its stock. We did...
Analysis Article Oct 11

Is LAMDA Development (ATH:LAMDA) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Narrative Update Sep 12

Ellinikon, Mall And Marina Projects Will Create Future Opportunities

Despite a sharp increase in the future P/E multiple and a major downgrade in revenue growth forecasts, the consensus analyst price target for LAMDA Development has edged up slightly from €10.80 to €11.04. What's in the News LAMDA Development commenced a new share buyback program, authorized to repurchase up to 10% of issued share capital, with buyback prices set between €0.3 and €14 per share, valid for 24 months.
Analysis Article Jul 01

Here's Why LAMDA Development (ATH:LAMDA) Has A Meaningful Debt Burden

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
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New Narrative Feb 10

Ellinikon And Corfu Projects Will Strengthen Future Prospects

Shift from high-street to malls is driving tenant sales and rental growth, indicating potential revenue and net margin improvements.
Analysis Article Jan 28

Shareholders Should Be Pleased With LAMDA Development S.A.'s (ATH:LAMDA) Price

When close to half the companies in Greece have price-to-earnings ratios (or "P/E's") below 12x, you may consider LAMDA...
Analysis Article Nov 20

LAMDA Development's (ATH:LAMDA) Profits Appear To Have Quality Issues

The recent earnings posted by LAMDA Development S.A. ( ATH:LAMDA ) were solid, but the stock didn't move as much as we...
Analysis Article Oct 23

Market Still Lacking Some Conviction On LAMDA Development S.A. (ATH:LAMDA)

When you see that almost half of the companies in the Real Estate industry in Greece have price-to-sales ratios (or...
Analysis Article Aug 02

Is LAMDA Development (ATH:LAMDA) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Jul 05

Is It Time To Consider Buying LAMDA Development S.A. (ATH:LAMDA)?

While LAMDA Development S.A. ( ATH:LAMDA ) might not have the largest market cap around , it saw a double-digit share...
Analysis Article May 23

Cautious Investors Not Rewarding LAMDA Development S.A.'s (ATH:LAMDA) Performance Completely

You may think that with a price-to-sales (or "P/S") ratio of 2.6x LAMDA Development S.A. ( ATH:LAMDA ) is definitely a...
Analysis Article Apr 27

Investors Shouldn't Be Too Comfortable With LAMDA Development's (ATH:LAMDA) Earnings

LAMDA Development S.A. ( ATH:LAMDA ) just reported some strong earnings, and the market reacted accordingly with a...
Analysis Article Feb 09

Is LAMDA Development (ATH:LAMDA) Weighed On By Its Debt Load?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Nov 03

Is Lamda Development (ATH:LAMDA) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article Aug 03

Does Lamda Development (ATH:LAMDA) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Jan 27

Is Lamda Development (ATH:LAMDA) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jul 27

What Does Lamda Development S.A.'s (ATH:LAMDA) Share Price Indicate?

Lamda Development S.A. ( ATH:LAMDA ), is not the largest company out there, but it saw a double-digit share price rise...

CEO Compensation Analysis

How has Odisseas Athanasiou's remuneration changed compared to LAMDA Development's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

€91m

Sep 30 2025n/an/a

€177m

Jun 30 2025n/an/a

€193m

Mar 31 2025n/an/a

€35m

Dec 31 2024€2m€650k

€46m

Sep 30 2024n/an/a

€19m

Jun 30 2024n/an/a

-€10m

Mar 31 2024n/an/a

€49m

Dec 31 2023€3m€650k

€27m

Sep 30 2023n/an/a

€18m

Jun 30 2023n/an/a

€9m

Mar 31 2023n/an/a

-€45m

Dec 31 2022€2m€650k

-€31m

Sep 30 2022n/an/a

-€74m

Jun 30 2022n/an/a

-€56m

Mar 31 2022n/an/a

€190m

Dec 31 2021€733k€140k

€191m

Compensation vs Market: Odisseas's total compensation ($USD2.65M) is above average for companies of similar size in the Greek market ($USD961.71K).

Compensation vs Earnings: Odisseas's compensation has been consistent with company performance over the past year.


CEO

Odisseas Athanasiou

17.3yrs
Tenure
€2,274,880
Compensation

Mr. Odisseas E. Athanasiou serves as the Chief Executive Officer at Lamda Development SA. Mr. Athanasiou served as the Chief Financial Officer of Lamda Development SA since March 24, 2006. Mr. Athanassiou...


Leadership Team

NamePositionTenureCompensationOwnership
Odisseas Athanasiou
CEO & Executive Director17.3yrs€2.27m1.19%
€ 12.2m
Charalampos Ch. Goritsas
Chief Financial Officerno datano data0.046%
€ 473.0k
Christos Nikolopoulos
Chief Operating Officer2.3yrsno data0.0087%
€ 88.7k
Theodoros Gavriilidis
Chief Investment Officerno datano data0.063%
€ 642.3k
John Giannakopoulos
Chief Legalno datano data0.059%
€ 607.3k
Dionysia Iliopoulou
Chief Marketing & Communications Officer1.6yrsno data0.000090%
€ 919.7
Lydia Maglara
Chief Human Resources Officer3.3yrsno data0.022%
€ 221.8k
Dimitrios Karastogiannis
Chief Business Development Officer7.3yrsno data0.020%
€ 201.5k
Mary Papakonstantinou
Chief Internal Auditor3.8yrsno data0.012%
€ 124.3k
Melina-Sotiria Paizi
Managing Director at LAMDA Mallsno datano data0.057%
€ 585.9k
Dimitrios Kitsios
Chief Controls Officer4.3yrsno data0.016%
€ 161.8k
Stavros Katsikadis
Managing Director of Lamda Marinas Investments3.9yrsno data0.039%
€ 400.3k
3.9yrs
Average Tenure

Experienced Management: LAMDA's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Odisseas Athanasiou
CEO & Executive Director17yrs€2.27m1.19%
€ 12.2m
Emmanuel Leonard Bussetil
Non-Executive Director4yrs€40.00kno data
Eftichios Vassilakis
Non-Executive Director9yrs€40.00kno data
Evangelos Chronis
Vice Chairman of the Board16.4yrs€40.00k0.057%
€ 584.5k
Ioanna Papadopoulou
Independent Non-Executive Director5.4yrs€40.00kno data
Stefanos Kotsolis
Independent Non-Executive Chairman3.5yrs€233.90kno data
Evgenia Paizi
Non-Executive Director11.2yrs€50.00kno data
Chariton Kyriazis
Independent Non-Executive Director7.9yrs€115.00k0.0074%
€ 75.2k
Ioannis Zafiriou
Senior Independent Non Executive Director5.9yrs€70.00kno data
Calypso Nomikos
Independent Non-Executive Director5.4yrs€65.00k0.13%
€ 1.3m
6.9yrs
Average Tenure
73yo
Average Age

Experienced Board: LAMDA's board of directors are considered experienced (6.9 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 12:42
End of Day Share Price 2026/05/20 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

LAMDA Development S.A. is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Constantinos ZouzoulasAxia Ventures Group Ltd
Martyn KingEdison Investment Research
Andrew MurphyEdison Investment Research