JLL has posted a sharp rise in profit for its EMEA division for the three months ended 30 September.
The company’s EMEA adjusted earnings before tax rose by 47% to $22.8m (£17.4m) from $15.5m for the same period in 2017.
Jll’s adjusted EBITDA margin, calculated on a fee-revenue basis, was 5.7% for the quarter, compared with 4% in Q3 last year.
JLL’s EMEA Q3 profit was supported by a 7% rise in revenue in the region to $805.6m.
This revenue uptick was driven in particular by its Tetris fit-out business in continental Europe, as well as leasing activity, primarily in Poland, Italy and Germany.
By country, the strongest contributors to fee revenue were France, Poland and Portugal.
Globally, adjusted earnings rose 25% during the quarter to $233.9m, boosted by revenue growth of 13% to $4bn as fee revenue increased by 12% to $1.6bn.
JLL chief executive Christian Ulbrich said: “Across JLL, we capitalised on strong business fundamentals and our operating strength to deliver record third-quarter performance.”
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