JLL Reports Strong First-Quarter 2018 Results
First-quarter revenue up 10 percent to $3.6 billion; fee revenue up 9 percent to $1.3 billion
CHICAGO, May 8, 2018 — Jones Lang LaSalle Incorporated (NYSE: JLL) today reported excellent operating performance for the first quarter of 2018 with diluted earnings per share of $0.88 and adjusted diluted earnings per share1 of $0.97.
- Diversified organic revenue growth globally, highlighted by Capital Markets and annuity businesses
- Margin expansion in Americas, EMEA and LaSalle
- Americas revenue growth coupled with productivity gains
- EMEA improvement largely driven by UK, Germany and France
- Corporate Solutions momentum from recent business wins
- LaSalle delivered robust incentive fees while generating outstanding value for clients
- Continued progress on digital agenda
- Strong cash flows contributed to a year-on-year net debt reduction of more than $470 million
- Dividend increase of 11 percent to $0.41 per share
CEO Comment:
“Broad organic revenue growth and margin expansion drove our strong first-quarter performance,” said Christian Ulbrich, JLL CEO. “We achieved these results while continuing to invest in -- and make significant progress on -- our global digital agenda. With healthy economic and real estate fundamentals in most markets globally, and despite geopolitical challenges, we anticipate continued growth this year.”
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