Jones Lang LaSalle delivered a strong finish to the year with a 15% hike in earnings per share, as annual revenue rose by 12%.
The New York-listed firm reported EPS of $6.32 (£3.81) for 2013, up from $5.48 the previous year, as fee revenue rose from $3.6bn to $4bn. Adjusted net income was up by 16% over the 12 months to December, coming in at $285m, boosted by $150m in the final quarter.
Adjusted operating income margin calculated on a fee revenue basis was 9.7% for the year compared with 9.3% in 2012.
The firm’s strong fee growth was led by capital markets and hotels, which delivered a 38% increase in Q4 taking it to an annual hike of 40% with revenues of $708.4m.
EMEA delivered the strongest growth with a 17% surge in full year revenues to $1.1bn.
The UK, Germany, France, Russia and the Netherlands were the strongest European countries.
Bridget.O’Connell@estatesgazette.com
