Altus Group reports second quarter 2017 financial results

Q2 2017 summary

• Consolidated revenues increased 17.1% to $128.8 million

• Consolidated adjusted EBITDA increased 36.5% to $25.0 million

• Altus Analytics revenues increased 30.6% to $47.4 million and adjusted EBITDA increased 68.1% to $16.4 million

• Commercial Real Estate (“CRE”) Consulting revenues increased 8.6% to $69.8 million and adjusted EBITDA increased 7.0% to $18.4 million

• Geomatics revenues increased 22.8% to $11.8 million and adjusted EBITDA increased to $0.7 million from a loss last year

• Consolidated profit, in accordance with IFRS, was up significantly to $105.5 million, benefitting from the accounting gain on the partial deemed disposition of Altus Group’s investment in Real Matters Inc. (“Real Matters”) and re-measurement of the Company’s retained interest of 12.0% after Real Matters completed their initial public offering

• Adjusted earnings per share (“adjusted EPS”) increased 46.4% to $0.41