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Engel & Völkers reports record first quarter 2015 results

Monday, April 13th, 2015 at 3:14pm Engel Völkers

• Group commission revenues rise by 25.1 percent in first quarter of 2015

• Expansion: E&V is recruiting 2,000 new sales advisors worldwide

Hamburg. The Engel & Völkers Group remains on its course of expansion and today announces record financial results once again for the first quarter of 2015. The Group reports a 25.1 percent rise in commission revenues over the same period in the previous year to 76.7 million euros (Q1 2014: 61.3 million euros). This substantial growth can be attributed to the good economic climate on real estate markets and the strong presence of the brand – especially in Germany, Austria and Switzerland, as well as in key metropolises and holiday regions in the Mediterranean and the USA.

“We are extremely satisfied with the results for the first quarter of 2015. This continued upward trend shows that we are on the right track with our expansion strategy,” said Sven Odia, Co-CEO of Engel & Völkers AG. Engel & Völkers is forecasting continued growth over the remainder of the year. It will be driving expansion forward with the opening of new shops, offices and market centers in strategically important growth markets. The company is currently expanding its workforce on a substantial scale, with a view to meeting the high demand for real estate in these core markets. By the end of the year it is looking to recruit 2,000 new sales advisors worldwide.

Caption:
(Source: Engel & Völkers)
1. Sven Odia, Co-CEO of Engel & Völkers AG

For further information please contact:

ENGEL & VÖLKERS AG Princess Bettina Wittgenstein Head of Global Corporate Communication Stadthausbrücke 5 20355 Hamburg Germany Phone: +49 40-36 13 11 20 Fax: +49 40-36 13 12 35 Bettina.Wittgenstein@engelvoelkers.com

About Engel & Völkers:

Engel & Völkers is one of the world’s leading service companies specialised in the sale and rental of premium residential property, commercial real estate and yachts. With its licence system, Engel & Völkers is the only Germany-based firm to rank amongst the top 100 franchise companies in the world.* Around 570 residential property shops specialised in high-class real estate and 65 commercial offices brokering office, retail and industrial space, investment properties, multi-purpose apartment and office blocks and property portfolios offer both private and institutional clients a professionally tailored range of services. Leasing, sales, consultancy and valuations form the core competences of the staff of around 5,500 employees. The Company is currently operating in 39 countries on five continents. Intensive training schemes in its in-house real estate Academy and the high level of quality assurance governing its systematically structured service provision are key factors that account for the Company’s success. In 2014, Engel & Völkers achieved the top position in the broker ranking lists published by both the German Customer Institute (DKI) and the financial magazine “Euro am Sonntag”. Moreover, the Company was selected as the winner in the category “Best Company Brand” at the “Marken Awards der Immobilienbranche” (“Property Industry Brand Awards”) hosted by the ImmobilienScout24. In 2015, Engel & Völkers was named “Top National Employer” for the second time in a row by the German news magazine “Focus”. www.engelvoelkers.com * Source: Franchise Direct “Top 100 Global Franchises Ranking 2011”

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