Altus Group reports fourth quarter and full year 2017 financial results

Full year 2017 summary

In comparison to the prior year:

• Consolidated revenues increased 8.0% to $478.1 million

• Consolidated Adjusted EBITDA increased 11.0% to $82.2 million

• Consolidated profit, in accordance with IFRS, increased 671.4% to $110.1 million due to unrealized gains associated with our Real Matters investment

• Adjusted earnings per share (“Adjusted EPS”) decreased 1.7% to $1.13

• Adjusted EBITDA margin improved to 17.2% from 16.7% in 2016

• Altus Analytics revenues increased 11.7% to $169.2 million, and Adjusted EBITDA increased 18.1% to $48.4 million; recurring revenues increased 5.2% to $117.8 million

• Property Tax revenues increased 5.0% to $158.7 million, and Adjusted EBITDA increased 0.6% to $40.3 million

Q4 2017 summary

In comparison to Q4 2016:

• Consolidated revenues increased 6.4% to $122.7 million

• Consolidated Adjusted EBITDA declined 7.9% to $20.4 million

• Consolidated profit, in accordance with IFRS, decreased to a loss of $3.4 million

• Altus Analytics revenues declined 0.8% to $41.9 million, and Adjusted EBITDA decreased 39.4% to $7.2 million; recurring revenues increased 2.8% to $29.9 million

• Property Tax revenues increased 15.0% to $42.0 million, and Adjusted EBITDA increased 18.4% to $5.1 Million