LAMDA Development Second Quarter 2024 Earnings: €0.11 loss per share (vs €0.23 profit in 2Q 2023)

LAMDA Development (ATH:LAMDA) Second Quarter 2024 Results

Key Financial Results

• Revenue: €104.2m (up 18% from 2Q 2023).
• Net loss: €19.4m (down by 149% from €39.8m profit in 2Q 2023).
• €0.11 loss per share (down from €0.23 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

LAMDA Development Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.7% decline forecast for the Real Estate industry in Europe.

Performance of the market in Greece.

The company's shares are down 2.2% from a week ago.

Risk Analysis

Be aware that LAMDA Development is showing 1 warning sign in our investment analysis that you should know about...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.