Press release

Cushman & Wakefield 2014 resultsMarch 12, 2015

 

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.

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