CBRE 2011 results announced

CBRE has today issued its full year results to 31 December, 2011 that show a 15% increase in revenue and 37% increase in earnings per share. 

Mike Strong, Chairman & CEO of CBRE – Europe, Middle East and Africa, commented:
“In any context, the results we have reported today are very strong and demonstrate the effectiveness of our long-term strategy of building a trusted, broad based business that delivers results for clients, whatever the market environment.
“Despite the economic and market turmoil in 2011, we continued to focus on developing our EMEA business to support our clients’ needs and add value to their operations. Our commitment to this strategy has further differentiated CBRE in a challenging market. It has allowed us to strengthen relationships, win significant new multinational contracts, and ultimately report market-superior results whether comparing 2011 revenue, operating income, normalised EBITDA,  or normalised EBITDA margins.”
James Brounger, Regional Managing Director, CBRE South Central, added:
“2011 ended on a very positive note with a strong local performance for the South Central office, with December being our best month of the year.
“Notwithstanding the economic uncertainty, we are seeing signs of more defined strategies from our clients, both occupiers and investors, which should lead to greater opportunity in 2012.”