Colliers International boosts revenues 13%

Colliers International has posted revenue for the second quarter of 2017 of $544.2m (£412m), a 13% rise on the same quarter of last year. In quarterly results posted today, the company said that relative to the same quarter in the prior year, adjusted EBITDA was $59.6m, up by 13% on the previous year. For the six months ended 30 June 2017, revenues were $967.1m, a 13% increase relative to the comparable prior year period. Jay S Hennick, chairman and chief executive, said: “We generated strong results in the second quarter, with a combination of growth from recent acquisitions and internal growth. “Based on results to date and current business pipelines, we remain optimistic about our prospects for the balance of the year. “During the second quarter, we completed the acquisition of Colliers Minneapolis-St. Paul, further strengthening our operations in the US Midwest, and bringing the number of acquisitions completed this year to five.” To send feedback, e-mail nick.johnstone@egi.co.uk or tweet @n_johnstone or @estatesgazette