CB Richard Ellis reported revenue for the EMEA region, which mainly consists of operations in Europe, rose 8% to $287.1 mln (EUR 205 mln) for the fourth quarter of 2009 from $266.5 mln in the year-earlier period. The real estate adviser reported fourth-quarter operating income of $48.4 mln from the EMEA region, compared with an operating loss of $103.4 mln in the same 2008 period. The EBITDA result for EMEA rose to $49.0 mln, compared with $39.3 mln for the final quarter in 2008. CBRE said the improved results reflected better business performance in several countries, particularly the UK, France, Italy and the Netherlands, and the benefit of cost reductions.
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