Global agent CBRE saw fee revenue rise 12% to $1.8 bn in the quarter ended June 30, up from $1.6 bn in the same period a year earlier.

Global agent CBRE saw fee revenue rise 12% to $1.8 bn in the quarter ended June 30, up from $1.6 bn in the same period a year earlier.

Adjusted earnings per share rose 17% to $0.42 from $0.36 in the second quarter of 2014, while adjusted EBITDA increased 16% to $204 mln.

CBRE believes its full-year 2015 performance is likely to be toward the upper end of its guidance range of $1.90 to $1.95 for adjusted earnings per share.

'We exhibited broad strength in our business during the second quarter, as our talented people, coupled with our high quality, integrated service offering, produced excellent outcomes for our clients and our shareholders,' said Bob Sulentic, CBRE’s president and chief executive officer. 'We were especially pleased to achieve outstanding top-line growth, operating leverage and margin expansion in all three regions.'

In the EMEA region, fee revenue rose 14% (33% in local currency) to $409.1 mln, led by Germany, Spain and the UK, where performance was strong even after the negative effects of currency movement.

EBITDA and normalized EBITDA both totaled $47.8 mln, an increase of 75%.

'At the mid-point of 2015, CBRE is on course for another year of very strong financial performance,' Sulentic added. 'Our business has positive underlying momentum and we are seeing great benefit from the steps we have taken to enhance our service delivery for clients and fortify our market position.'