JLL posts sharp rise in Q3 EMEA profit

JLL has posted a sharp rise in profit for its EMEA division for the three months ended 30 September. The company’s EMEA adjusted earnings before tax rose by 47% to $22.8m (£17.4m) from $15.5m for the same period in 2017. Jll’s adjusted EBITDA margin, calculated on a fee-revenue basis, was 5.7% for the quarter, compared with 4% in Q3 last year. JLL’s EMEA Q3 profit was supported by a 7% rise in revenue in the region to $805.6m. This revenue uptick was driven in particular by its Tetris fit-out business in continental Europe, as well as leasing activity, primarily in