Jones Lang LaSalle(US:JLL)2023-08-10 08:01Financial Performance - Consolidated - Consolidated Q2 2023 revenue decreased by 4% both in USD and local currency, reaching $5053 million[68] - Consolidated Q2 2023 fee revenue declined by 13% in local currency (14% in USD), amounting to $1847 million[68] - Consolidated Adjusted EBITDA for Q2 2023 was $116 million, a decrease of 68% from Q2 2022[68] - The Adjusted EBITDA margin for Q2 2023 was 62%, a decrease of 1060 bps[68] - For the first six months of 2023, the adjusted EBITDA was $225 million, a decrease of 65%[18] - For the first six months of 2023, the fee revenue was $3431 million, a decrease of 14%[18] Segment Performance - JLL Technologies' fee revenue grew by 18% in local currency (20% in USD) to $57 million in Q2 2023[2,78] However, Adjusted EBITDA was $(105) million, a decline of 1869%[2,78] - LaSalle's fee revenue increased by 28% in local currency (27% in USD) to $136 million in Q2 2023[5,78], with Adjusted EBITDA at $30 million, a 7% increase[5,78] - Markets Advisory fee revenue decreased by 13% in local currency (13% in USD) to $741 million in Q2 2023[78], with Adjusted EBITDA at $99 million, a decrease of 26%[78] - Capital Markets fee revenue decreased by 34% in local currency (34% in USD) to $436 million in Q2 2023[78], with Adjusted EBITDA at $36 million, a decrease of 72%[78] - Work Dynamics fee revenue increased by 3% in local currency (3% in USD) to $478 million in Q2 2023[78], with Adjusted EBITDA at $56 million, a decrease of 3%[78]