| Item | Q3 2015 result ($m) | % rise from Q3 2014 (local currency) |
|---|---|---|
| Earnings before tax | 420 | 25 |
| EMEA revenue | 107.7 | 48 |
| US revenue | 224 | 18 |
| Advisory revenue | 154 | 43 |
| Leasing revenue | 137 | 18 |
| Sales brokerage revenue | 129 | 17 |
Colliers International has posted a 39% year-on-year rise in earnings for the third quarter 2015 to $43m (£28m).
The rise in earnings before tax were fuelled by a 25% rise in local currency revenues to $420m compared with the same quarter in 2014.
In the nine months since the end of December 2014 the company has generated earnings of more than $102m based on revenues of just under $1.17bn.
EMEA revenue contributed $107.7m to the overall total earnings, a 48% leap on the year before and a 67% rise in local currency terms. European earnings nearly doubled over the same period, from $7.6m to just over $13.2m.
Recent acquisitions in Europe, which have included West End agency H2S0 and European agency AOS, accounted for 37% of EMEA revenue growth.
US revenue was $224m, up by 18% on a local currency basis, driven by a strong performance from the sales brokerage unit.
Globally, however, the advisory side of the business was the largest revenue earner for the company, producing $154m in the quarter, up by 43% on Q3 2014.
The leasing business brought in just under $137m of revenue, up by 18% on the year before, and sales brokerage brought in $129m, up by 17%.
In the first full quarter since the separation of First Service, costs in the company were $1.7m in the quarter, down on the $3.7m of the year before. This was largely due to a reduction in headcount and an advantageous foreign exchange environment.
