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News release

Chicago

JLL Reports Robust First-Quarter 2017 Revenue Performance

Revenue up 21 percent to $1.6 billion; fee revenue up 21 percent to $1.4 billion


​CHICAGO, May 5, 2017 — Jones Lang LaSalle Incorporated (NYSE: JLL) today reported diversified revenue increases for the first quarter of 2017, resulting in diluted earnings per share of $0.24 and adjusted diluted earnings per share of $0.45.

  • Broad-based, double-digit Real Estate Services revenue growth across geographies and service lines; 11% organic fee revenue growth
  • Strong leasing and capital markets momentum, led by U.S. and UK, outpaced market volumes
  • Continued M&A integration drove expansion of Property & Facility Management and Project & Development Services

  • Margins reflected revenue strength offset by anticipated decline in LaSalle equity earnings and transaction fees, technology investment, as well as performance in EMEA
  • EMEA results impacted by incremental platform investments, timing of capital markets transactions and collections in Continental Europe
  • LaSalle delivered increased acquisition and disposition volume coupled with healthy annuity income
  • Dividend increase of 6% to $0.35 per share


CEO Comment:

"Strong revenue growth and continued market share gains combined with expected margin performance contributed to solid first-quarter results," said Christian Ulbrich, CEO. "Favorable market conditions and healthy prospects for new business make us confident we will deliver on the expectations we have set for the year," Ulbrich added.


 

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