Colliers International reported a 27% (25% in local currency) increase in revenues relative to the same quarter in the prior year. The turnover of 2017 increased by 20% (19% in local currency) compared to 2016.
“With a strong balance sheet providing ample capacity to fund our continued growth; prudent investments in technology to add value to clients and better enable our professionals to execute; a significant acquisition in the Nordics to start the year; and a stable outlook for 2018; we remain on-track to achieving our ambitious five-year growth plan to double our size by the year 2020,” he concluded.
Global topline figures
- Revenues were $734.2 million, a 27% increase (25% in local currency) relative to the comparable prior year period
- Adjusted EBITDA was $101.1 million, up 12% (10% in local currency)
- For the year ended December 31, 2017, revenues were $2.28 billion, a 20% increase (19% in local currency) relative to the comparable prior year period
- Adjusted EBITDA was $242.3 million, up 19% (18% in local currency)
EMEA topline figures:
- Revenues totalled $183.8 million for the fourth quarter compared to $152.2 million in the prior year quarter, which equated to a 15% increase on a local currency basis
- Adjusted EBITDA was $37.2 million, up 7% from $34.9 million, with margin impacted by additional investment in people and performance-based incentive compensation
- Revenues totalled $521.3 million for the year compared to $474.9 million in the prior year, which equated to a 9% increase on a local currency basis
- Adjusted EBITDA was $69.4 million, versus $55.9 million in the prior year, an increase of 24%