Altus Group Updates its Reporting Business Segmentation
TORONTO (April 19, 2016) – Altus Group Limited (ʺAltus Groupʺ or “the Company”) (TSX: AIF) announced today that it has made certain changes to its financial reporting to reflect the Company’s historical growth and evolving focus towards technology driven offerings for the commercial real estate economy, while maintaining market leadership across its expert services businesses. The changes to segmentation will be effective commencing with the three-month period ended March 31, 2016.
Going forward, Altus Group will disclose Gross Revenues and Adjusted EBITDA for three reporting segments consisting of: 1) Altus Analytics; 2) Commercial Real Estate Consulting; and 3) Geomatics.
The Company has presented a two-year summary of historical financial information reflecting the new segmentation at https://www.altusgroup.com/investors/updated-reporting-business-segments/.