Colliers releases ambitious Enterprise ’25 growth strategy
October 25 2021 - 7:30AM
Leading diversified professional services and investment management
company Colliers (NASDAQ and TSX: CIGI) today released its next
five-year Enterprise ’25 growth strategy, once again setting bold
targets to continue its proven track record of success. The Company
plans to more than double its profitability, with at least 65% of
adjusted EBITDA coming from recurring revenue, by the end of 2025.
“Colliers’ enduring strength comes from our enterprising
culture, global platform, leading expertise and growth mindset. Our
balanced and diversified business model allows us to provide expert
advice to our clients, wherever they choose to do business,” said
Jay S. Hennick, Global Chairman and CEO. “We will continue to grow
from strength to strength by augmenting our internal growth with
smart acquisitions that build scale, expertise, and expand our
service lines.As we deliver on our Enterprise ’25 growth strategy,
we will create meaningful shareholder value as we have for more
than 26 years, all while leading the industry into the future.”
Enterprise ’25 TargetsColliers has set the
following operational and financial goals, to be achieved over the
five year period ending December 31, 2025. Given its strong results
during the first half of 2021 and acquisitions announced to date,
the Company is off to a robust start on each of these metrics.
Delivering on these growth targets is expected to create
significant long-term shareholder value.
|
|
2025 Targets (US$) |
Revenue |
|
$5.6 billion |
Adjusted EBITDA1 |
|
$830 million |
Adjusted EPS1 |
|
$8.40 |
Adjusted EBITDA from recurring revenue |
|
>65% |
________________________1 Adjusted EBITDA and Adjusted EPS
are non-GAAP financial measures. For reconciliations to the nearest
GAAP measures, please refer to the Company’s Management Discussion
and Analysis available on SEDAR at www.sedar.com.
Enterprise ’25 Growth PillarsTo achieve its
ambitious growth aspirations, Colliers will focus on six key growth
pillars that build on its unique enterprising culture and proven
track record of success:
- Build scale
- Strategically acquire
- Expand client relationships
- Make culture count
- Amplify our brand
- Innovate with technology
A Media Snippet accompanying this announcement is available by
clicking on the image or link below:
Contact:Christian MayerGlobal Chief Financial
Officer416-960-9500
Media Contact:Carolyn MerchantSenior Director,
Global Brand &
Communicationscarolyn.merchant@colliers.com647-218-1579
About ColliersColliers (NASDAQ, TSX: CIGI) is a
leading diversified professional services and investment management
company. With operations in 66 countries, our more than 15,000
enterprising professionals work collaboratively to provide expert
advice to real estate occupiers, owners and investors. For more
than 26 years, our experienced leadership with significant insider
ownership has delivered compound annual investment returns of
almost 20% for shareholders. With annualized revenues of $3.3
billion ($3.6 billion including affiliates) and $45 billion of
assets under management, we maximize the potential of property and
accelerate the success of our clients and our people. Learn more at
corporate.colliers.com, Twitter @Colliers or LinkedIn.
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