CB Richard Ellis Group reported revenue of $1.2 bn (EUR 881 mln) for the first quarter of 2007, an increase of 61.6% over the first quarter of 2006. Revenue for the EMEA (Europe, Middle East, Africa) region, mainly consisting of operations in Europe, increased 36.8% from $164.7 mln in the first quarter of 2006 to $225.4 mln in the first three months of this year.
CB Richard Ellis Group reported revenue of $1.2 bn (EUR 881 mln) for the first quarter of 2007, an increase of 61.6% over the first quarter of 2006. Revenue for the EMEA (Europe, Middle East, Africa) region, mainly consisting of operations in Europe, increased 36.8% from $164.7 mln in the first quarter of 2006 to $225.4 mln in the first three months of this year.
A very strong performance was registered in the UK, France, Spain and Germany. Operating income for the EMEA segment totalled $33.6 mln for the first quarter of 2007, compared with $14 mln for the same period last year. Excluding the impact of one-time items, operating income for the EMEA region would have been $34.2 mln in the first quarter of 2007, an increase of 93% year-on-year. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the EMEA region totalled $36.8 mln for the first quarter of 2007, an increase of 89.4%, from the same period last year.
