- Q4 - EMEA region revenues totalled $151.7 million for the fourth quarter compared to $149.6 million in the prior year quarter, which equated to a 13% increase on a local currency basis. Revenue growth was comprised of 12% internal growth and 1% from acquisitions. Internal growth was driven by strong sales and lease brokerage activity, particularly in the UK.
- 2015 - EMEA region revenues totalled $446.1 million for the year compared to $352.4 million in the prior year, which equated to a 41% increase on a local currency basis. Revenue growth was comprised of 21% internal growth and 20% from acquisitions. Internal growth was driven by strong outsourcing & advisory revenues and solid growth in lease brokerage, primarily in the UK. Adjusted EBITDA was $56.6 million, up 34% from the prior year.
Commenting on the results Jay S. Hennick
, Chairman and Chief Executive Officer of Colliers International Group Inc. said: “2015 was a transformational year for Colliers International in so many ways. It was our first as a stand-alone public company; we strengthened our leadership team for the future; we reported record revenues and profits despite foreign currency headwinds; exceeded our double-digit margin target we set five years ago, one year earlier than expected; further strengthened an already strong balance sheet; and declared and paid our inaugural semi-annual dividend. Perhaps most importantly, our real estate service professionals worldwide continued to demonstrate the Colliers difference by delivering exceptional results for our clients, resulting in strong internal growth across all service lines. Finally, with several acquisitions completed during the quarter and three more acquisitions completed after yearend, Colliers International is advantageously positioned to build further momentum in 2016 while navigating the ever changing global markets in which we operate.”
Read the full news release.