JLL reports 20% drop in EMEA 2009 revenues

Jones Lang LaSalle has reported that its full-year revenue for the EMEA region in 2009 came to $644 mln, compared with $871 mln the year before. This is a decrease of 26%, or 20% in local currency. JLL said the decreases were driven by continued reductions in transaction volumes across the region. EMEA's fourth-quarter revenue was $226 mln, compared with $243 mln for the fourth quarter of 2008, a reduction of 7%, or 14% in local currency.

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