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An announcement from Colliers International Group ( (TSE:CIGI) ) is now available.
Colliers International Group Inc. reported significant financial growth for the fourth quarter and full year ending December 31, 2024. The company achieved a 22% increase in fourth-quarter revenues, reaching $1.50 billion, driven by strong performance across all business segments, notably Engineering and Capital Markets. For the full year, revenues rose by 11% to $4.82 billion, supported by recurring revenues that account for 70% of earnings. Colliers’ strategic acquisitions and operational efficiencies have bolstered its market position and resilience, with expectations for continued growth in 2025.
More about Colliers International Group
Colliers International Group Inc. is a global diversified professional services and investment management company. It operates through three main platforms: Real Estate Services, Engineering, and Investment Management. The company is known for its enterprising culture and partnership philosophy, supporting growth and value creation. Colliers has a significant presence worldwide with annual revenues exceeding $4.8 billion, a professional team of 23,000, and nearly $100 billion in assets under management.
YTD Price Performance: 8.60%
Average Trading Volume: 94,181
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7.35B
See more insights into CIGI stock on TipRanks’ Stock Analysis page.
