| Three months ended 31 Dec | 12 months ended 31 Dec | |||
|---|---|---|---|---|
| Item | 2016 | 2015 | 2016 | 2015 |
| Revenues (£m) | 576 | 556.1 | 1,896.70 | 1,722.00 |
| Adjusted EBITDA (£m) | 90.4 | 79.1 | 203.1 | 181.3 |
| Adjusted EPS, £ | 1.22 | 1.06 | 2.44 | 2.29 |
| GAAP operating earnings (£m) | 76.1 | 65 | 146.2 | 80.4 |
| GAAP EPS from continuing operations | 1.14 | 0.92 | 1.75 | 0.59 |
Colliers International has reported a 10% rise in revenues to $1.9bn (£1.5bn) in 2016, with fourth quarter revenues up by 4%.
The company’s adjusted EBITDA was $203.1m, up 12% from last year, and adjusted earnings per share also rose by 7% to $2.44.
All the figures were higher in local currency, and Colliers said the EPS would have been $0.07 more for the year excluding foreign exchange impacts.
In the fourth quarter, revenue rose by 4% to $576m from Q4 2015, and EBITDA was up 14% to $90.4m.
Jay S Hennick, chairman and chief executive, said: “Colliers International reported record revenue and earnings in 2016 despite political uncertainty and more challenging market conditions than the prior year.
“As a global player in commercial real estate, Colliers International expects to continue generating value for shareholders.”
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