JLL Reports Strong First-Quarter 2018 Results

First-quarter revenue up 10 percent to $3.6 billion; fee revenue up 9 percent to $1.3 billion

May 08, 2018

CHICAGO, May 8, 2018 — Jones Lang LaSalle Incorporated (NYSE: JLL) today reported excellent operating performance for the first quarter of 2018 with diluted earnings per share of $0.88 and adjusted diluted earnings per share1 of $0.97.

  • Diversified organic revenue growth globally, highlighted by Capital Markets and annuity businesses

  • Margin expansion in Americas, EMEA and LaSalle

    • Americas revenue growth coupled with productivity gains

    • EMEA improvement largely driven by UK, Germany and France

    • Corporate Solutions momentum from recent business wins

    • LaSalle delivered robust incentive fees while generating outstanding value for clients

    • Continued progress on digital agenda

  • Strong cash flows contributed to a year-on-year net debt reduction of more than $470 million

  • Dividend increase of 11 percent to $0.41 per share

CEO Comment:

“Broad organic revenue growth and margin expansion drove our strong first-quarter performance,” said Christian Ulbrich, JLL CEO. “We achieved these results while continuing to invest in -- and make significant progress on -- our global digital agenda. With healthy economic and real estate fundamentals in most markets globally, and despite geopolitical challenges, we anticipate continued growth this year.”


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