In 2021, Colliers Denmark managed to raise its gross profit to DKK 279 million, reflecting a 75% increase on 2020.
Looking back at a busy year in the property market, with total transaction volume exceeding the DKK 105 billion mark, Colliers Denmark records its best-ever annual results.
“We had the advantage of being well-positioned in a heavily expanding market, but garnered market share, too, not only in the Capital Markets segment, which benefitted from massive investment demand in particular from international investors, but in fact across all our business services, for instance, because our dedicated efforts to increase the Copenhagen activities in the Investment segment paid off,” explains Carsten Gørtz Petersen, CEO.
Colliers’ gross profit increases by 75%, from DKK 161 million in 2020 to DKK 279 million in 2021, with EBITDA tracing the same favourable trend, up from DKK 39 million to DKK 102 million in the same period.
“The results prove that we have opted for the right strategy. This gives us a solid platform for further expansion of Colliers in Denmark, in segments and regions where we are already present but also in new ones. Obviously, we cannot expect to set new market records every year, but we maintain the overall objective of doubling our business across Denmark by 2025 relative to 2020. Our broad geographical market coverage is one of the strengths that will enable us to consolidate our national market position in the years ahead.”
“What is more, we achieved these record-high results despite the fact that we invested in hiring and in building our platform in 2021, and continue to do so, in order to professionalise our workstreams and improve customer experience by adopting a more digitalised approach to operations and dealing with our clients,” says Carsten Gørtz Petersen.
Investments in 2021 included building a large Copenhagen-based Investment team, a brand-new CRM system as well as a nationwide Capital Markets team.
In addition, Colliers increased its activities in response to international clients’ need for advisory services relating to property portfolios.
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