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Colliers International Group Inc T.CIGI

Alternate Symbol(s):  CIGI

Colliers International Group Inc. is a diversified professional services company. It provides commercial real estate services, engineering consultancy and investment management with operations in 70 countries. Its segment includes Real Estate Services, Engineering and Investment Management. Its primary service lines are outsourcing, engineering, investment management, leasing and capital markets. Its services for landlords and investors include landlord representation, project management, capital market, valuation and advisory, real estate management, engineering and design services, and others. Its services for occupiers and tenants include occupier services, tenant representation, project management, technology services, and others. It offers services to various properties-including hospitality, industrial, land, multifamily, office, retail healthcare, and special purpose. It provides its services to a range of industries, such as education, self-storage, life science, and others.


TSX:CIGI - Post by User

Post by retiredcfon Oct 26, 2021 10:18am
110 Views
Post# 34049336

Market Movers

Market Movers

On the rise

Colliers International Group Inc. was higher after announcing its “Enterprise ‘25″ plan on Monday after the bell.

On Monday, the Toronto-based company revealed the five-year growth strategy, aiming to more than double its profitability with at least 65 per cent of adjusted EBITDA coming from recurring revenue by the end of 2025. Its targets include revenue of US$5.6-billion, adjusted EBITDA of US$830-million, and adjusted earnings per share of US$8.40.

“After doubling adjusted EBITDA between 2015 and 2020, we think most investors expected a similarly ambitious plan for 2020–25,”said RBC analyst Matt Logan. “What flies under the radar, in our view, is accelerating growth in recurring services, which have increased to 54 per cent of TTM EBITDA as at Q2/21, from 31 per cent in 2017. Looking ahead, we believe this continued evolution will underpin an upward rerating — particularly as recurring EBITDA reaches 65–70 per cent.”

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