Dear readers! We present to your attention the second issue for 2024, on the pages of which you will find a lot of relevant materials.
Dear readers! The editorial board of Logistics magazine changed the phone number to +7 (495) 945-38-20. We remind you that for all your questions, you can contact: info@mg-agency.com
Dear readers! We present to your attention the first issue in 2024. According to tradition, it contains a lot of analytical materials based on the results of 2023. Our permanent partners NF Group have prepared an overview of the warehouse real estate markets in the regions of Russia, Moscow and St. Petersburg.
CHICAGO
Full-year revenue up 14% to $6.8 billion; fee revenue up 11% to $5.8 billion
Jones Lang LaSalle Incorporated (NYSE: JLL) today reported diversified revenue increases for the full year and fourth quarter of 2016. For the full year, diluted earnings per share were $6.98 and adjusted diluted earnings per share were $8.13. Fourth quarter diluted earnings per share were $3.62; adjusted diluted earnings per share were $3.95. Fourth quarter revenue was up 14 percent to $2.2 billion; fee revenue of $1.8 billion was up 11 percent.
• Fourth-quarter and full-year revenue growth led by Property & Facility Management and Project & Development Services
• Margin declines reflect increased investments in technology and data, shift toward annuity businesses and decline in LaSalle equity earnings
• Robust full-year leasing and capital markets performance despite market volume declines
• Strong performance in Continental Europe overshadowed by post-Brexit market volume and margin declines in the UK
• LaSalle continues solid performance and annuity-based advisory fee expansion
• Net debt reduced by $171 million during the quarter, reducing leverage to 1.7x
CEO Comment: “We recorded double-digit revenue growth for both the fourth quarter and full year of 2016, driven by recent acquisitions and organic growth,” said Christian Ulbrich, JLL CEO. “Going forward, we are focused on translating our increases in revenue and strategic investments into accelerated profit growth," Ulbrich added. "Our businesses continue to perform well, and we expect economic and real estate markets to remain positive in most markets globally this year.”
The results for the year reflect strong revenue growth which was more than offset, notably by the following year-overyear changes:
Balance Sheet and Net Interest Expense: