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Rising Market, Proactivity Drive C&W Growth

NEW YORK CITY-If 2012 was “the year of uncertainty,” 2013 will be “the year of less uncertainty” and more activity, C&W CEO Rufrano tells GlobeSt.com's Paul Bubny.

By Paul Bubny | Updated on April 24, 2013

NEW YORK CITY-A rising market coupled with internal initiatives across Cushman & Wakefield paid off in double-digit increase in fourth-quarter and full-year earnings, CEO Glenn Rufrano tells GlobeSt.com. “We hit a nice fulcrum in the fourth quarter, with the company providing the resources necessary to capture market share and having a market that provided market share,” he says.

Across the globe, the year prior represented C&W’s second-highest gross revenue in its 95-year history at $2.05 billion, while its operating income and EBITDA saw year-over-year growth of 22.6% and 14.9%, respectively. In Q4, operating income more than doubled and EBITDA grew 76.2%.

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