Lampsa Hellenic Hotels (LAMPS) H2 2024 earnings summary

Executive summary

• The group published its first ESRS-compliant Sustainability Report, integrating double materiality assessment and aligning with CSRD and EU Taxonomy requirements.

• The Board comprises 12 members (41.7% women, 33.3% independent), with strong ESG oversight and dedicated committees for Audit, Remuneration/Nominations, and ESG.

• The group operates five luxury hotels in Greece and Serbia, managed by Marriott, Hyatt, and Accor, with 1,193 employees and a focus on high service standards and responsible business practices.

Financial highlights

• Consolidated sales reached €122.9m in 2024, up 9.4% year-over-year; EBITDA was €40.1m (+17.8%), and net profit after tax was €21.1m (+33.4%).

• Gross margin improved to 44.8% from 41.8% in 2023; net debt/equity ratio fell to 0.63 from 0.91.

• No dividend proposed for 2024, as capital was returned to shareholders in 2023 and funds are allocated to investment projects.

Outlook and guidance

• 2025 is expected to see continued revenue growth, with stable or slightly higher sales, supported by robust liquidity and cost management.

• The group is investing in energy efficiency, digital transformation, and ESG initiatives, with targets for emissions, gender equality, and employee satisfaction.