Altus Group Updates its Reporting Business Segmentation
Changes reflect increased focus on technology offerings
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 04/19/16 -- Altus Group Limited ("Altus Group" 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 .
About Altus Group Limited
Altus Group Limited is a leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry. Our practices - Altus Analytics; and Expert Services which includes Tax, Research, Valuation & Advisory, Cost Consulting, and Geomatics - embody and reflect decades of experience, a broad range of expertise, and leading edge technology. Our offerings empower clients to analyze, gain market insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world''s largest real estate industry participants, spread across a broad variety of sectors. Altus Group pays a quarterly dividend of $0.15 per share and our securities are traded on the TSX under the symbols AIF and AIF.DB.A.
For more information on Altus Group, please visit: .
Contacts:
Altus Group Limited
Ali Mahdavi
Investor Relations
(416) 234-3660
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Datum: 19.04.2016 - 14:00 Uhr
Sprache: Deutsch
News-ID 1429133
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