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CBRE Hungaryʼs revenue up 35%, employee numbers double in 2015

The revenue of CBRE Hungary rose by 35% in 2015 as compared to the preceding year, while the total number of employees in the country doubled over the year, according to an earnings report published by CBRE Group yesterday.

“With the support of CBRE global platform, CBRE Hungary aims to reach a leading position in commercial real estate consultancy and property management,” Lóránt Kibédi, managing director of CBRE Hungary, said in connection with last year’s results.

Revenue for the whole group for full-year 2015 totalled $10.9 billion, an increase of 20%. Fee revenue increased 14% to $7.7 bln, the report said. Excluding the acquired Global Workplace Solutions business, which CBRE purchased on September 1, revenue and fee revenue both increased 15% in local currency, according to the report. EBITDA rose 14% to $1.3 bln for 2015.

“2015 was another year of exceptional performance for CBRE,” said Bob Sulentic, the company’s president and chief executive officer. “The hard work of our people enabled us to set new company records for total revenue and earnings and drive double-digit top- and bottom-line growth. As important, we made many strategic gains, which have positioned CBRE to continue to create value for our clients and shareholders.”