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Exclusive 2018 list recognises firm’s revenue growth over last year
JLL (NYSE:JLL) announced that it rose 35 spots to 356 on the prestigious Fortune 500 list, which ranks the 500 largest companies based in the United States by total revenue for their respective fiscal years. The move places JLL among the companies that made the biggest moves up. JLL's annual total revenue reached a record high of $7.9 billion in 2017 (or $14.5 billion recast to reflect the adoption of ASC 606*, unaudited, which took place after the list was compiled).
"The constant commitment to teamwork and excellent client service shown by our 83,500 people around the world, supported by our substantial investments in the best new technology and data, underpin JLL's strong continued growth momentum," said Christian Ulbrich, JLL CEO. "We are proud of our progress on the Fortune 500 and excited by our Beyond strategic vision to drive growth into the next decade."
"This significant milestone is a testament to the excellent work JLL has been achieving over a number of years across the globe," said Thierry Delvaux, CEO, JLL MEA. "We applaud the contribution our team of over 650 people here in the MEA region have made across 35 offices, supporting their global counterparts in reaching the company's ambitions. An achievement such as this further validates our position in the region as the chosen real estate expert and strategic advisor for real estate stakeholders worldwide," he added.
JLL continues to be recognised for its performance, ethics and commitment to being an employer of choice. It was named one of Fortune's 2018 Most Admired Companies, a World's Most Ethical Company by Ethisphere for the 11th consecutive year and one of LinkedIn's 2018 Top Companies.
For more news, research and information from JLL, please visit: www.jll.com.
* JLL adopted Accounting Standards Codification Topic 606, Revenue from Contracts with Customers ("ASC 606"), a new U.S. GAAP accounting standard, in the first quarter of 2018. In accordance with ASC 606, JLL recast its FY 2017 results for comparability. As of the issuance of this news release, the recast FY 2017 results are unaudited.
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