Q: Could you comment on Collier's earnings? Can you explain their 3 growth engines and separate the % they generate ? Thanks
5i Research Answer:
Results from CIGI looked fine wiht the full year guidance maintained, and organic revenue growth at 13%. The company expects low-teens percentage revenue growth for the year and mid-to-high teens growth for EPS. Revenue came in at $1.46 bln vs $1.36 bln expected. EPS of $1.64 beat estimates of $1.58. Real estate services was up 14%, Engineering was up 54% with the help of acquisitons and Investment Management was a bit of a 'drag' but still up 7%. Overall it looked like a solid quarter.