Wednesday, 08 February 2017 17:54

JLL reports strong Q4 and full-year 2016 revenue growth; full-year revenue up 14% to $6.8 billion, fee revenue up 11% to $5.8 billion

Written by
Rate this item
(0 votes)

Jones Lang LaSalle Incorporated (NYSE: JLL) today reported diversified revenue increases for the full year and fourth quarter of 2016.

Christian_Ulbrich

For the full year, diluted earnings per share were $6.98 and adjusted diluted earnings per share were $8.13. Fourth quarter diluted earnings per share were $3.62; adjusted diluted earnings per share were $3.95.

Fourth quarter revenue was up 14 percent to $2.2 billion; fee revenue of $1.8 billion was up 11 percent.

• Fourth-quarter and full-year revenue growth led by Property & Facility Management and Project & Development Services

• Margin declines reflect increased investments in technology and data, shift toward annuity businesses and decline in LaSalle equity earnings

• Robust full-year leasing and capital markets performance despite market volume declines

• Strong performance in Continental Europe overshadowed by post-Brexit market volume and margin declines in the UK

• LaSalle continues solid performance and annuity-based advisory fee expansion

• Net debt reduced by $171 million during the quarter, reducing leverage to 1.7x

CEO Comment: “We recorded double-digit revenue growth for both the fourth quarter and full year of 2016, driven by recent acquisitions and organic growth,” said Christian Ulbrich, JLL CEO. “Going forward, we are focused on translating our increases in revenue and strategic investments into accelerated profit growth," Ulbrich added. "Our businesses continue to perform well, and we expect economic and real estate markets to remain positive in most markets globally this year.”

 

Last modified on Wednesday, 08 February 2017 18:04

Most Popular

Getting into the buy-to-rent market without risking everything

May 03, 2017
Garry Palmer
A low growth economy and a rising cost of living has given property investors pause for…

Eris Property Group announces R1, 5 Billion new development in Umgeni, Durban

May 17, 2017
Umgeni Deco and Lifestyle Park Durban
Umgeni Deco & Lifestyle Park, Durban’s prime destination centered for success. 

Attacq appoints Jackie van Niekerk as Chief Operating Officer

May 05, 2017
Jackie van Niekerk md
Attacq announces the appointment of Jackie van Niekerk as the JSE listed capital growth…

Fourleaf Estate in PE is Africa's first residential development to receive full EDGE certification

May 05, 2017
Fourleaf Estate pic
The Green Building Council South Africa (GBCSA) has announced that the Fourleaf Estate…

Midrand residential property market continues to boil - Gauteng¹s fastest growing centre continues to attract investment

May 11, 2017
Waterfall Country Estate R9 95million
While house price growth in Gauteng has shown tentative signs of recovery in the last 12…