Thank everyone quarter for And to year. the Christian. welcome our our results fourth call. on of Christian and provided you, headline the summary
XXXX will revenue. fourth performance. most to contributing a had details I important, to We our with move record quarter, finish strong the So fee our of always to the directly
of total to to for mentioned, As the line robust Services organic fee productivity was Real our of consolidated full-year The expansion currency Christian year's contributed This local consolidated for growth, of we across Estate all with fee in and the revenue XX% double-digit which X% was EBITDA top attributable together reflect achieved M&A. revenue segments. initiatives XX%, growth annuity businesses adjusted increase year. XX% transactional and geographic a growth
net flow, We X.X by to at X.X a million reducing to a times Additionally, operating year-end times, of we million. compared debt debt generated $XXX XXXX. in significant EBITDA adjusted improvement net cash $XXX of achieved
growth. currency Capital XX% revenue the the had XX%, adjusted XX%. organic growth quarter, of quarter's all growth largely across we EBITDA of of fee fee local was and results and For which growth geographies, in of Leasing This the revenue contributed Markets
full-year also Turning accounted increase. led to and Strong XX% organic by the JLL the primarily specific related driven Solutions' growth gains as clients Markets to all than of substantially organic. and was well for all for regions. average revenue leasing quarter. by XX% size XX% of nearly larger was highlights, the share quarter revenue and full-year, fee XX% across Capital deal JLL growth line the fourth full-year increased was service consolidated XX% growth organic, as The the market which for leasing Americas the for for Corporate
and slides. illustrate also declined on product for in diversification. conditions XX% market To We market our recap shown slide supplemental XXXX, as six Americas increased digits, volume by sales geographic overall benefited of while EMEA investment and by APAC the from double and
our revenue Capital the Markets XX%. significant helped Capital well, of U.S. sales in in Markets region volumes. grow performed revenue with despite investment On now multi-family in the Americas exceptionally which offering diversified [ph] fee market debt full-year decline U.S., Our include growth the basis, business a
significantly around driven and and outperformed in Asia region, the by most Pacific volumes Japan market strong Singapore. notably performance
the Germany and saw recovering also with Switzerland. We strong benefit of market, U.K. combined a growth in
as and the fee Facility the such ancillary X% quarter. grew grew year and Management & full-year, for growth for the organic Pacific. Services Property Project revenue services Services, Project for and the X% as Asia fee XX% XX% Development grew driven Advisory well XX% year Together for by as Corporate substantially acquisition Leasing, the & in quarter Our the quarter, XX% for with across Solutions revenue regions. Consulting, all and Development for the and Integral
organic the represented the For XX% full-year, growth of increase.
and and year. consulting advisory contributed last on strong for to the grew acquisitions full-year revenue quarter. Americas to XX% full-year valuation for to basis related our previously gains The organic integrated was a due Our growth, fee the platform. for XX% margin primarily EBITDA over business full-year the acquisition into XX% flat Adjusted to related and the approximately calculated
to point basis related positive reduced impact by businesses due waterfall bit a Integral in strong points of more I a and transactional to shown at reflects our seven offset mix fees page on our the organic supplemental partially full-year To incentive to, margin anticipated overall of on point. XXX actual minute. transactional pressures margin from will an and slide, fully basis as provide factors at organic related gains Year-on-year, a basis service color discuss XX points LaSalle. currency mix an first,XX points, combination for basis offset rate growth in primarily improvement Our represents XX of XX it basis
XX% data, basis platform continued improvements. Second, points and technology, in for investments
Third, to wind U.K. for seven XX solutions of basis investment finally, business outsourcing along primarily operations. EMEA XX with by points primarily our cost down basis And with related with additional associated in months business points corporate of driven reported. M&A, continued associated the Integral as non-core previously
LaSalle organic all points improvement in the fourth as We but currency growth and EBITDA rate. gains in due For mix service increased such was expanded XXX consolidated basis actual across higher margin and a regions, in leasing capital driven at primarily positive businesses most margin The the quarter, earnings. had notably businesses Americas. largely adjusted to transactional by market equity
For investments dilution technology an and in not data. the related did quarter, we incremental have
to EMEA. last mentioned our additional make platform outsourcing As quarter, we investments into in continue
together driving impacts mix making acquisition. challenges of by the which, are upgrade to Neither Our strategic from we were benefits the of diluted Integral margins service cancellation integration the materially primarily Integral with believe contract. including technology related prolonged loss the
technology, our Turning beginning our to of and while increasing to and at XXXX, sheet, the allocation in investment reduce our cash investments was our allocation flow data strategy generation. grade in capital capital increasing M&A platform balance
XX, total improvements performance million and XXXX. than working and capital balance of $XXX XX, December million reflects Our million quarter, net debt third the management. strong as XXXX. at or of decrease A of in reflects primarily from December $XXX $XXX lower This XX% sheet business
year, the $XXX significantly. allowed generated reduce $XXX from to million we earnings debt approximately and improved additional flow cash For us from capital working of which million
will forward, and we on our generation. allocation a flow move maintain focus capital strategy, working management, disciplined cash we As
on the over research lines fee representing of U.S. results Full-year exception growth XX% currency increased for in we XX%, year XX% quarter. align revenue with a of approximately markets to the service all results, increase. provide basis dollar Turning across fourth for Americas in capital state to XX% and Organic the the with which was XXXX local we data. segment industry the
year the the organically had of for quarter, strong markets increase the and attributable The EBITDA leasing. nearly For to quarter. region quarter’s we all capital XX% margin adjusted achieved growth and expansion
for with leasing XX% quarter total Our market conditions for growth in was growth quarterly by market Midwest, strong throughout absorption which compared the and and revenue Quarterly grew XX% the Atlanta, the in were favorable Northwest driven X%. full-year markets XXXX. of
Our for the up XX% was exceptional investment deal more XX% markets market fee the a full-year contrasted and quarter the performance. helping sales Capital size volumes. quarter grew reduction with average drive for for fourth than in revenue quarter XX%, XX%
in the Our particularly and and placements. the services and penetrated the the grew sales untapped further buildings, facility X% of diverse management We and fee timing growth the in flats. the cycle in time of Property debt smart growth for service and offerings. full-year the pursuit well results year as quarter at wins the of facility investment for and hotel market by X% towards by revenue evolution as successfully was end driven quarter, of of industrial
the XX% to solutions well for to existing XX% majority Advisory revenue majority the the for U.S. acquired and was businesses. services across the offsetting system more a full-year XXX Slightly at XXXX, solutions. year. Expansion clients operational technology across by is last solutions up points valuation from the as basis, The and XX% these The and investments especially solutions a services margin corporate investor the local deals. corporate organic performance ERP other full-year on grew revenue from and just acquisitions by the and organic driven quarter. year cost organic fee were gains mentioned business for and mandate upgrade was positive growth was Adjusted our revenue investments. expanded highlighted In attributable and than and was As significant and in management. the Americas basis and and XX% of and the for approximately wins organic growth for Project businesses consulting the revenue quarter. XX.X% data Development gains in property and business XX%, grew from from leasing growth EBITDA our facility fee corporate by revenue all markets day, a attributable other as with few the grew of fee technology new management.
full-year market. And Integral to revenues and seven XX% XX% for the EMEA, Both capital incremental on leasing full-year the of the acquisition. fourth increases months Turning basis, of and impressive from benefit growth reflect grew revenue quarter. fee in a
quarter XX% year transaction the the the growth for compared performance was facility’s quarter reflected items as market region’s good EMEA’s quarter’s full-year in and XX% was largely revenue into well by which Integral Integral was timings For the by full-year integration discussed consistent performance EMEA the growth performance we the the and driven for impacted market Integral cost growth and overshadowed growth condition. deal investments fourth revenue excluding quarter, XX% as overall margin activity absorption. previously level These fee EMEA made as in year losses management with platform. businesses. continued and EMEA XX% for general for had the with grew quarter. XX% The leasing primarily
performance U.K. sales growth announcement. grew XX% strength. fourth Brexit and bounced revenue for continued the as And Germany office and and post XX%. in industrial for volume quarter, the full-year France the the we saw the the show against fee investment market of quarter For sectors to market quarter market Capital XX% back good
revenue the led up For market largely revenue favorable U.K. was quarter, where conditions the growth XX%. by in was
up by our was where revenue continental the against were sales market versus market Europe led quarter’s investment up that XX% volume was XX%. outperformance volumes Our
as full-year volume reflects majority management mix the flat was muted growth. improve and transactions contract notable XX% facility win and in Our grew strength to quarter. for business nearly The France organic the anticipate full-year We the large several Property for accounted quarter the but previously was the we of for to losses and the Integral new headwinds. XXXX for revenue business Switzerland. in mentioned performance and Germany growth stronger for due fee and in Integral continue region in revenue Projects operation. organic, Tetris increased full-year for the fee for full-year decline of growth driven XX% points and The and our the of delivered quarter. all year, the organic for adjusted XX% primarily growth business EBITDA margin development France. for The by The XXXX. an primarily for was driven was and X.X% the quarter. quarterly Advisory quarter’s consulting services grew basis revenue X% from all state. the a by XX% EMEA and XXX
U.K., across businesses the number notably Investments. of transactional in growth a offset Solid countries, most by more than other IFM was and Integral, EMEA in plans
Asia-Pacific, to the and XX% fourth for XX% grew full-year revenue quarter. Moving
Hong revenue the A EBITDA region India, XX%. combined the remarkable market of and markets for for upside the Singapore scale fourth created transactional adjusted and perfect respectively. year, growth Asia-Pacific with basis been property the and and initiatives. and profitability year, double-digit the with strength and Japan. improve and had in full-year by across million, advisory strong business business growth transaction all years fee points for APAC gain investment compared a services annuity For margin Overall, year. result performance performance prior past to margins. XX%, top-line for driven solid collectively expanded in and to in against drove with of the opportunity of Japan businesses. equity quarter fastest the Annuity was organic The to margin across expansion Management services with growth outside Margins of $XXX quarter projects a in increasingly revenue sales for growth, the and revenue two earnings year. absorption in year by grew facility highlight the market XX%. which $XX growth a business be overall well had management, Leasing XX% the quarter, last business of was declined against due most X% for and to bottom-line million development, XX%, have EBITDA Investment for the Capital was the year lower accretive we XX% Asia-Pacific increases decline Full-year volume businesses The and scale, revenue revenue up fees, performance at continues total The prior incentive direct delivered as of gross against annuity quarter and XX% great and of consulting LaSalle $XX quarter. million. full-year management XX%, anticipated the decline of economies as XX% quarter. quarter regions. transaction in fourth Kong, an XXX fourth of grew adjusted the cost growing XX% contrast full-year
fees were XX% due declined we being the for For against full-year but to of a up advisory funds. most across down net and in the up XXXX, commitments been established $X.X valuation million incentive co-investment Europe total XX% quarter, the $X.X Equity saw by on primarily quarter increases million new double-digit The and million fees due earnings or our result the from fees have earned for notable to portfolio. Asia. increase valuation revenue increases equity fourth quarter, $XX.X primarily the
our reminder, nearly down accounting, fair reflected in portfolio valuation is in of earnings. a are co-investment As and today influenced therefore, up XX% by changes value or
of to X% billion $XX.X under withdrawals, which The December of decrease dispositions acquisitions, foreign compared offset net declined exchange. valuation XXXX. net billion and and management increases Assets than more reflects increases, related $XX.X the by impact to XX, with
that into global to under and securities with private over XXXX real closed flows at management move equity. capital likely XXXX As XX% estate favor representing end versus throughout assets we occurred XX% LaSalle we XXXX, of public current is know the This of into XXXX. We the continue.
across one-third XXXX. related raised higher billion is fees, annuity to and Europe the management and of Asia. as already was and in diversified, earnings by including the equity offset the calculated decline Capital remainder for was Approximately, driven U.K., full-year with basis contribute private regions. and billion in roughly The in anticipated the new of active deploy by $X.X fee to compared incentive as the raising billion XX.X%, reduction in geography XX.X% Americas, and on after capital a margin, by has $X.X $X.X Continental remains record year, primarily half quarter the dry the equity. EBITDA capital to the plans with and under dry partially LaSalle advisory LaSalle management in from transactional Assets earnings acquisition fees, under revenue powder the in in one-third accruing commingled deployed. will funds assets to equity powder margin margin. LaSalle's is adjusted all
As noted the the reflect in GAAP first revenue the earnings XXXX our call, with adoption XXX; will standard. quarter third of ASC quarter we beginning new recognition
change material our show expenses associated increase would annuity associated we We result and pass-through revenue full-year expenses expect billion. increase $X approximately businesses. pass-through by revenue in this Using as a both gross the an from XXXX to example and gross in
the and the of other and standard, XX-K XXXX ASC for requirements. Look coming comparability XXX will our into more translation the and ease For we communications information results months. with in over change XXXX in new on accordance restate
In is assets. year-to-date and expense and earnings to per on legislation passed re-measurement deemed our result per repatriated results the addition adjusted provisional expense new tax to ASC other December. impact diluted to estimate tax as of increased tax tax in of with XXX of $X.XX, no deferred the end a our the subsidiaries The upcoming U.S. for million The changes, earnings $XXX.X U.S. income impact to represents tax of quarter-to-date additional impact foreign share an share. earnings the at notable the relates on of diluted
to near-term material the longer Going effective remarks. closing now not benefits for any potential back tax expect Christine the forward, and do to term. see And over we impact rate over our
