Savills’ pretax profit rose by 21% to £84.7m in the 12 months to the end of December 2014.
Revenue climbed 19% to £1.14bn led by strong growth in the European business and a 15-times leap in revenue in the US.
The acquisition of US broker Studley helped lift the company’s US revenue from £6.8m in 2013 to more than £112m in 2014. European revenue climbed 11% year-on-year in 2014 to more than £514m, with profit up 21% to £67m.
The transaction advisory division, the company’s largest, was up 38% on the year before to just under £495m and grew by nearly half again in the final quarter from £47.2m to £67.8m in 2014.
Investment management division Cordea Savills increased its revenue by 8% to £28m in 2014.
