Jay S. Hennick, Chairman and Chief Executive Officer of Colliers International Group Inc gives an explanation of the figures: “Colliers International reported record revenue and earnings in 2016 despite political uncertainty and more challenging market conditions than the prior year. With strong results and the momentum we have created so far this year including significant acquisitions in Northern California, Nevada and Denmark, we fully expect 2017 to be another step forward in achieving our ambitious growth plans.”

Operating Highlights:

Three months ended December 31

Twelve months ended     December 31

2016

2015

2016

2015

Revenues

$576.0

$556.1

$1,896.7

$1,722.0

Adjusted EBITDA

90.4

79.1

203.1

181.3

  • For the quarter ended December 31, 2016, revenues were $576.0 million, a 4% increase (5% in local currency).
  • The adjusted EBITDA was $90.4 million, up 14% (17% in local currency).
  • For the year ended December 31, 2016, revenues were $1.90 billion, a 10% increase (13% in local currency) relative to the comparable prior year period.
  • The adjusted EBITDA was $203.1 million, up 12% (15% in local currency).

Highlights EMEA:

Segmented Full Year Results:

  • EMEA region revenues totalled $474.9 million for the year compared to $446.1 million in the prior year, which equated to a 11% increase on a local currency basis. 
  • Revenue growth was comprised of 3% internal growth and 8% from acquisitions.
  • Adjusted EBITDA was $55.9 million, versus $56.6 million in the prior year, and was impacted by a decline in higher-margin Sales Brokerage activity in the UK in the second half of the year in the wake of the June 2016 “Brexit” referendum.

Segmented Fourth Quarter Results:

  • EMEA region revenues totalled $152.2 million for the fourth quarter compared to $151.7 million in the prior year quarter, which equated to a 7% increase on a local currency basis.
  • Internal revenue was down 4%, more than offset by 11% growth from acquisitions. Internal growth was impacted by reductions in Outsourcing & Advisory activity in the region and Sales Brokerage in the UK.
  • Adjusted EBITDA was $34.9 million, up 37% from $25.5 million reported in the prior year quarter.

Read the full press release:
http://www.colliers.com/-/media/files/global/investor-relations/q4-2016-earnings-release-final-15feb17.pdf?la=en-us