Following the approval of 2014 results by its subsidiary Cushman & Wakefield Group, EXOR reports below the most significant figures (U.S. GAAP) (1) :
- Gross Revenue: $2,849 million (+14% compared with $2,498.6 million in 2013)
- Commission and service fee Revenue: $2,096.1 million (+15.9% compared with $1,808.5 million in 2013)
- Adjusted EBITDA: $175.4 million (+21% compared with $145 million in 2013)
- Adjusted income attributable to owners of the parent: $61.6 million (+33.3% compared with $46.2 million in 2013)
- Net financial position as of December 31 2014: -$68 million (-$59.4 million as compared with -$8.6 million as of December 31 2013; the change is primarily attributable to the acquisition of Massey Knakal Realty Services).
Under IFRS(1) :
- Adjusted EBITDA: $171 million ($130.1 million in 2013)
- Adjusted income attributable to owners of the parent: $56.3 million ($34 million in 2013)
- Net financial position: -$56.8 million (-$60.7 million as compared with +$3.9 million in 2013)
Attached the full press release issued by C&W Group.
(1) Accounting principles are provided in the same enclosed document.
