Colliers EMEA earnings climb 56%

Colliers office

Colliers International has reported a 56% year-on-year rise in adjusted EBITDA for the EMEA region in the third quarter of 2018.

Adjusted EBITDA was $17.3m (£13.5m) compared to $11.1m at the end of Q3 2017, and represents a continued turnaround for the firm in the region following a 22% rise in Q2 and a year-on-year loss in the first quarter of this year.

EMEA region revenues totalled $146.3m for the third quarter, a rise of 15% in local currency terms compared to $128.1m in the previous year. The bulk of the growth (13%) came as a result of acquisitions during the quarter with an increase in lease brokerage offsetting a decline in sales brokerage.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now