The International Facility Management Association is pleased to announce the appointment of Anthony “Tony” J. Keane, CAE, as the association’s new president and CEO. Keane’s first day will be Jan. 18, 2010. His appointment coincides with the announced retirement of David J. Brady, current IFMA president and CEO, at the end of February 2010.
Balfour Beatty
i-FM net
Balfour Beatty boasts 'excellent' 2008
01/03/2009
Balfour Beatty, the engineering to services group, has reported revenue up 27% to £9.49bn, with pre-tax profits up by a quarter to £249m. In the group's building, building management and services business stream, profit was up by 26% to £88m (2007: £70m). Balfour Beatty WorkPlace, the former Haden Building Management, grew strongly, the group says. The order book for this business stream stood at £6.7bn at year-end (2007: £6.1bn).
Bilfinger Berger
Bizjournals.com
Bilfinger Raises 2008 Goal as Quarterly Earnings Jump
01/11/2008
Bilfinger Berger AG, Germany's second-largest construction company, raised its full-year operating profit target after the company's shift to building management and maintenance boosted third-quarter earnings.
Carillion
i-FM net
Carillion shrugs off recession with 30% growth
01/03/2009
Construction to services group Carillion has reported annual results that almost counter the general economic gloom: in 2008, group turnover was up 32% to £5.2bn, with underlying profit up 55% to £157.5m. Carillion's support services operations delivered revenue for the year of £2.46bn, up 37% over 2007. A significant part of that jump reflects the acquisition of Alfred McAlpine. Underlying operating profit was up 54% to £113.5m, reflecting both revenue growth and an improvement in the operating margin to 4.6% (2007: 4.1 per cent). In the support services business stream, the company says the outlook remains positive. Its pipeline is the 'strongest ever', attributable to public and private sector customers seeking to reduce estate maintenance and facilities management costs through outsourcing. As a result, Carillion expects support services to remain a major driver of earnings growth in 2009.
CBRE
PropertyWeek.com
CB Richard Ellis’s surge after $180m equity injection
01/11/2008
CB Richard Ellis’s shares jumped 43% yesterday after the company raised $180m(£121m) in a sale of shares
CBRE
SeekingAlpha.com
CB Richard Ellis Group, Inc Q3 2008 Earnings Call Transcript
01/11/2008
Property and facilities management also came in at 34% of total revenue in the third quarter, due to continued strong performance with growth of 30%
CBRE
Realcomm.com
CBRE's Electronic Invoice Process Saves Money and Environment
01/08/2008
CB Richard Ellis (CBRE) has embarked on its ground-breaking, environment friendly initiative which promises to change how commercial real estate is managed (see “CBRE Goes Carbon Neutral: Planet Building is Born!”, The RealcommEDGE, April/May 2008). The Planet Building initiative is based on the idea that a commercial building is an ecosystem that can have a positive effect on surrounding ecosystems by providing a good example. The effort aims to improve operational sustainability and efficiency at CBRE-managed properties.CBRE has combined technology and productivity initiatives to deliver end-to-end accounts payable (A/P) processing tasks in one interconnected, paperless processing flow.By functioning collaboratively, the revamped A/P processing system accelerates processing time while reducing variables that can lead to human error and material waste,” said Patty Proshek, Senior Managing Director at CBRE. “This initiative demonstrates that environmentally conscious operations are indeed achievable, sustainable, and profitable; and thanks to the technology and global shared services involved, return on investment is realized almost immediately.”CBRE and its vendor partners have built an end-to-end system that sends an invoice to each partner in turn (like a baton in a high-tech relay race), creating an interdependent work flow that accelerates processing time. Because redundant data entry and manual tasks are eliminated, the margins for error are greatly reduced and approval processes are more tightly controlled. Taking paper out of the traditionally paper-heavy invoice and payment process has obvious environmental implications, as well as reducing materials and processing costs.
CBRE
Co Star Group
CBRE Appoints New Presidents for Americas and Global Corp. Services Units
01/08/2009
Los Angeles-based CB Richard Ellis Group Inc. announced two major executive appointments, naming Michael J. Lafitte president of the company’s Americas business comprising all of the firm’s business lines in the United States, Canada and Latin America, and also naming William Concannon to succeed Lafitte as president of the company's Global Corporate Services (GCS) division. In his new role, Concannon will be responsible for the Group's overall operations globally, including facilities management, transaction management, project management and strategic services and consulting.
CBRE
Times Online
Now that activity levels in the commercial-property market have plummeted, brokers like CB Richard Ellis have been hit along with everyone else.
01/01/2009
CB Richard Ellis is saddled with a $2 billion (£1.3 billion) debt mountain — more than double its market capitalisation, and profits for the current financial year are forecast to be half last year’s levels. The loans were taken on during the good times, partly to finance the December 2006 acquisition of Trammell Crow, a property outsourcing and facilities-management business. Instead of hoarding cash to tide it through a future downturn, CB Richard Ellis also splashed out hundreds of millions of dollars buying back its own shares, which went on to slump in value.The business is expected to stress its strong cash generation — in particular from property and facilities management. It may be a less profitable and less glamorous area than advising on big investment and leasing transactions, but property and facilities management provides solid income on long-term contracts from blue-chip companies. Such income will be a big help in the downturn.
Compass Group plc
Reuters
Compass up after Deutsche Bank upgrades
01/12/2009
Deutsche Bank says that Compass' medium term outlook is more certain as the broker sees an end to the recession next year in the majority of the economies that contribute to the firm's earnings.The broker says it sees opportunities for the group to return to its pre-recession growth in the second half of 2010, with above average returns to shareholders and the potential for forecast upgrades.Deutsche Bank says Compass' margin improvement was significantly more impressive than Sodexo, on which it has an unchanged "hold" recommendation.
Compass Group plc
i-FM net
Compass up 6% in 'excellent' year
01/11/2008
Commenting on the outcome, Chairman Sir Roy Gardner said: "We are pleased with the results delivered in the last financial year against a background of weakening economic conditions. We have a clear and focused strategy, an internationally diversified and transparent business model, and we are the market leader in an industry that has potential for significant structural growth."We see good opportunities to continue to grow revenue and to further improve operating efficiency," Gardner added.
ISS Group
i-FM net
New CEO for ISS
01/01/2009
ISS UK has named Henrik Andersen as its new Chief Executive Officer. Andersen, who joined ISS in 2000, has been Chief Financial Officer since 2005.He succeeds David Openshaw, who becomes ISS Group Regional Director with responsibility for UK, Ireland, Middle East and South Africa.At the same time, Andrew Price becomes Chief Operating Officer for ISS Facility Services, reporting to Andersen.
JCI
Investor Calendar
Johnson Controls Q1 2010 Revenues Increase 15% With Record Earnings; Company Raises Sales and Earnings Forecast
22/01/2010
For the first quarter of fiscal 2010, Johnson Controls [JCI] reported a double-digit increase in sales as well as record quarterly earnings. The company also increased its estimate for 2010 earnings.Building Efficiency sales in the 2010 first quarter were $3.0 billion, down 2% from $3.1 billion last year. Excluding the effect of currency, sales were down 8%. The lower sales reflect the late-cycle attributes of the building markets. Double-digit increases in Global Workplace Solutions sales and higher sales for energy efficiency solutions and residential HVAC were offset by declines in Western Europe and Latin America. Johnson Controls reported that its backlog of uncompleted contracts in the first quarter was $4.3 billion, down 8% versus the previous year. The company said its pipeline of potential new business improved in the quarter.
JCI
i-FM net
Record results at Johnson Controls
01/10/2008
Johnson Controls has reported record group sales of $38.1bn (£23.6bn) for its 2008 fiscal year, up 10% on the 2007 figure.Building Efficiency, which includes FM activities as well as building systems products and services, saw total sales climb 11% to $14.1bn (£8.8bn) on the year. JCI also re-confirmed that it expects to continue growing in 2009
Johnson Controls Forecasts Sales and Earnings Growth in 2010 with Improvements in All Three Businesses
01/10/2009
Johnson Controls said it expects its Building Efficiency business revenues to be 3% higher in 2010 due to growth in emerging markets and the increasing demand for the company's energy efficiency and sustainability (greenhouse gas) solutions. The company said it expects a domestic commercial building industry recovery beginning in the second half of 2010 as government stimulus-funded projects begin to launch. U.S. residential HVAC markets also are forecasted to improve in 2010, after more than two years of significant declines. Building Efficiency segment margins are expected to increase to 5.6% - 5.8% led by the growth in emerging markets and a turnaround in its residential HVAC business. Johnson Controls said it will continue investing in emerging market growth initiatives and in new technology to enhance the growth and profitability of its service business.The company – the division of Vinci Construction which also includes Taylor Woodrow FM – says the contract award is a demonstration of BSI’s confidence that it can meet the client's high standards.
JCI
i-FM net
JCI upbeat in face of downturn
01/10/2008
Johnson Controls says that despite the global economic picture, it is forecasting a double-digit earnings increase in its building efficiency business. The building efficiency business, which includes FM operations, is expected to produce about 7% revenue growth in 2009 – thanks to, amongst other things, growing demand for greater energy efficiency.
Johnson Controls reports $193 million loss for quarter
01/04/2009
Johnson Controls Inc. reported a fiscal second quarter loss of $193 million, or 33 cents per diluted share, due mainly to a major slowdown in automotive production.
Jones Lang Lasalle Inc.
SeekingAlpha.com
Jones Lang LaSalle Inc. Q4 2008 Earnings Call Transcript
01/02/2009
In the Americas, revenue was up 22% for the year and 26% in the quarter, principally due to the addition of Staubach and the continued strength and growth of our Corporate Solutions business. Corporate Solutions revenues increased 29% for the year and Colin will be highlighting some of the exciting new business win shortly.Within this 29% growth, it is the performance of our Integrated Facilities Management business, which was up 61% over 2007. The financial benefit of this business is its consistent annuity core revenue. We also had very strong growth, up 19% in our Public Institutions business, which serves government and higher education entities.This is also a business where we expect continued strong growth in 2009, as the anticipated government stimulus programs develop. We also had solid growth in our local markets business, up 10% where we added product and staffing desk and are taking market share.In both EMEA and Asia Pacific, full year revenues were adversely impacted, not only by lower transaction levels, but also by a dramatic weakening in the foreign currencies against the US dollar in the fourth quarter.In EMEA, revenue was down 6% for the year, 5% in local currency, but down a dramatic 26% in the fourth quarter, although half of that or 13%, if we look at it in local currency. In Asia Pacific, revenues were down 11% for the year, 14% in local currency and then 15% in the fourth quarter, but only 4% in local currency.To offset capital market declines in Asia Pacific, we have been building our property management and facility management portfolios in the Asia Pacific region to have a stronger base of annuity revenues against market decline. Property management was up 14% for the year and facility management revenues were up 28%.
Jones Lang Lasalle Inc.
SeekingAlpha.com
JLL Second Quarter Earnings Transcript
01/07/2009
In EMEA, Whirlpool expanded our relationship in the region adding lease auditing services to our responsibilities. And Bank of New York Mellon awarded us lease administration and property management responsibility for their own 1.2 million square feet of space. In Asia, we successfully renewed our contract with DBS Bank, one of Asia's largest financial services group, and we are providing them with facilities management for their Asian portfolio. Standard Chartered Bank also appointed us facilities management and project management partner across China and the Philippines.In the Americas, Merck selected us to provide facilities management and project management services for the pharmaceutical company’s 14 million square foot portfolio, and also in the Americas Corinthian Colleges, one of the largest post-secondary education companies in the US and Canada chooses us its real estate strategic alliance partner for 4.5 million square feet portfolio.We also expanded our position as the Bank of America's largest facilities service partner winning more than 60% of their Merrill Lynch portfolio, including their high-profile New York properties. We are also proud that we were given considerable responsibility for managing the bank's entire US critical facilities business.
Sodexo
Amonline.com
Sodexho Announces 5.6 Percent Revenue Growth And 3.2 Percent Organic Growth For Quarter
01/01/2009
Sodexho's food and facilities management services rose 2.7 in the first quarter of 2009. Service vouchers and cards revenue grew by 21.7 percent. Sodexho CEO Michel Landel said in a prepared statement: "Our performance for the first quarter is in line with our forecasts. It is likely that the effects of the economic slowdown will be felt most at the beginning of 2009. During this financial crisis, which ultimately could lead to increased demand for outsourcing, Sodexho has real competitive advantages including our integrated service offerings in all client segments throughout the world, our leadership in health care, seniors and education, our global network and the strength of our financial structure. We therefore remain confident in our ability to achieve the objectives we set last November." Food and facilities management services in North America rose 5.6 percent.
Sodexo
Caterer and Hotelkeeper
Sodexo sees decline in core business as global slowdown bites
01/01/2009
Although group food and facilities management turnover in the first fiscal quarter of 2009, which ended 30 November 2008, increased 2.7% to £3.8b (2008: £3.6b) thanks to education and healthcare, group Business and Industry (B&I) turnover fell 2.6% to £1.8b, with North America and Continental Europe worst affected.
Sodexo
Amonline.com
Sodexo Reports 7.7 Percent Growth For Fiscal 2008
01/11/2008
French catering and services company Sodexo SA on Friday reported an 8.4% rise in fiscal-year net profit, as business at its vouchers, facilities-management and health-care operations remained brisk in all regions except North America, where the weak dollar weighed on its performance.
Sodexo
Caterer and Hotelkeeper
Sodexo in recruitment freeze to save £40.5m
01/11/2008
Sodexo announced a recruitment freeze on support staff as part of a plan to save €50m (£40.5m) annually.
Sodexo
i-FM net
FM contributes at growing Sodexo
01/11/2009
Group revenues were up almost 8% to €14.7bn (£13.2bn), with operating profit up by about the same proportion to €756m (£677m).In total, facilities management services 'contributed strongly' to growth. This business area now accounts for 23.9% of group revenues, up from 21.6% the previous year.CEO Michel Landel commented: "Firmly focused on the future and the long-term, we have continued during Fiscal 2009 to invest in the implementation of our strategy, including in our comprehensive offer, in training our teams, in recruiting new talents, in creating platforms of expertise in facilities management, and also in four acquisitions in France, Germany, India and the US.
Sodexo
GreenerBuildings.com
Sodexo keeps full year goals as sales grow
01/07/2009
Revenue grew 8.8 percent to 11.4 billion euros ($16.1 billion) in the nine months to May 31.The group said it was benefiting from more stable public sector contracts while businesses spent less, following staff cuts, factory shutdowns and discretionary spending freezes. It said that this lead to a drop in cafeteria and corporate hospitality sales in North America, its biggest market."In this quite difficult environment, our sales pipeline remains very strong although many prospects and clients are taking longer to make decisions," Chief Executive Michel Landel said during a conference call to analysts and reporters.
