CBRE Group, Inc. Issues Statement on the United Kingdom’s Contributions to Its Global Normalized EBITDA
June 28 2016 - 6:30AM
Business Wire
CBRE Group, Inc. (NYSE:CBG) today issued the following statement
in light of the trading activity in its shares following the United
Kingdom’s decision to leave the European Union:
CBRE’s business is diversified by line of business and
geography. In 2015 the United Kingdom accounted for approximately
10% of CBRE’s global normalized EBITDA.
This press release solely addresses the United Kingdom’s
contributions to CBRE’s global normalized EBITDA. The company is
not commenting on its second-quarter 2016 earnings or updating its
adjusted earnings-per-share guidance for 2016.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500
company headquartered in Los Angeles, is the world’s largest
commercial real estate services and investment firm (in terms of
2015 revenue). The Company has more than 70,000 employees
(excluding affiliates), and serves real estate owners, investors
and occupiers through more than 400 offices (excluding affiliates)
worldwide. CBRE offers strategic advice and execution for property
sales and leasing; corporate services; property, facilities and
project management; mortgage banking; appraisal and valuation;
development services; investment management; and research and
consulting. Please visit our website at www.cbre.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160628005658/en/
CBRE Group, Inc.Steve IacoInvestor Relations212.984.6535orRobert
McGrathMedia Relations212.984.8267
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