CHICAGO, Nov. 16.
2022 /PRNewswire/ -- Jones Lang LaSalle Incorporated
(NYSE:JLL) is hosting an Investor Briefing today, during which
members of JLL's global leadership team, including CEO Christian Ulbrich and CFO Karen Brennan, will provide insight into JLL's
long-term growth strategy and 2025 financial targets.
"Our global scale, best-in-class technology and deep industry
knowledge provide the foundation for long-term profitable growth,"
said Christian Ulbrich, JLL CEO.
"The commercial real estate industry is being shaped by the rapid
adoption of technology and an increased focus on sustainability.
JLL is uniquely positioned to take advantage of these trends and
shape the future of real estate for a better world."
As part of today's Investor Briefing, JLL is setting 2025
consolidated financial targets. 2025 Fee Revenue is currently
expected to be in the range of $10
billion to $11 billion and
2025 Adjusted EBITDA margin is currently expected to be in the
range of 16% to 19%.
In addition, JLL is currently expecting to operate within a Net
Debt to Adjusted EBITDA leverage range of 0.0x to 2.0x.
The Investor Briefing will begin at 9:00
a.m. ET and conclude at approximately noon ET. Additional details and a live video
webcast of the event will be available on JLL's Investor
Relations website at http://ir.jll.com/.
A replay of the webcast will also be available following the
event on the Investor Relations website.
For further information, please contact JLL's Investor Relations
department at: JLLInvestorRelations@am.jll.com.
About JLL
JLL (NYSE: JLL) is a leading professional
services firm that specializes in real estate and investment
management. JLL shapes the future of real estate for a better world
by using the most advanced technology to create rewarding
opportunities, amazing spaces and sustainable real estate solutions
for our clients, our people and our communities. JLL is a Fortune
500 company with annual revenue of $19.4
billion, operations in over 80 countries and a global
workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a
registered trademark, of Jones Lang LaSalle Incorporated. For
further information, visit ir.jll.com.
Connect with us
https://www.linkedin.com/company/jll
https://www.facebook.com/jll
https://twitter.com/jll
Cautionary Note Regarding Forward-Looking
Statements
Statements in this news release regarding, among other
things, JLL's 2025 financial targets and long-term growth strategy
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements involve
known and unknown risks, uncertainties, and other factors, the
occurrence of which are outside JLL's control which may cause JLL's
actual results, performance, achievements, plans, and objectives to
be materially different from those expressed or implied by such
forward-looking statements. For additional information concerning
risks, uncertainties, and other factors that could cause actual
results to differ materially from those anticipated in
forward-looking statements, and risks to JLL's business in general,
please refer to those factors discussed under "Risk Factors,"
"Business," "Management's Discussion and Analysis of Financial
Condition and Results of Operations," "Quantitative and Qualitative
Disclosures about Market Risk," and elsewhere in JLL's filed Annual
Report on Form 10-K for the year ended December 31, 2021, our Quarterly Report on Form
10-Q for the quarter ended March 31,
2022, June 30, 2022,
September 30, 2022, and other reports
filed with the Securities and Exchange Commission.
Any forward-looking statements speak only as of the date of
this release, and except to the extent required by applicable
securities laws, JLL expressly disclaims any obligation or
undertaking to publicly update or revise any forward-looking
statements contained herein to reflect any change in expectations,
assumptions or results, new information, or any change in
events.
Statements in this news release includes a discussion of
forward-looking non-GAAP financial measures. Reconciliation of
forward-looking non-GAAP measures to their most directly comparable
GAAP measure is not available without unreasonable effort because
we cannot predict the components required to provide such a
reconciliation with sufficient certainty, including gross contract
costs, restructuring and acquisition charges, net non-cash MSR and
mortgage banking derivative activity, and other potential non-GAAP
adjusting items which could be significant to our results. Such
forward-looking measures we are unable to reconcile include the
2025 targets for fee revenue, adjusted EBITDA, adjusted EBITDA
margin and leverage (Net debt to adjusted EBTIDA).
Contact: Gayle Kantro
Phone: +312 228 2795
Email: gayle.kantro@jll.com
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SOURCE JLL-IR