In the financial year 2013, the Engel & Völkers Group increased its total commission revenues by 18.2 percent to 272.9 million euros (2012: 230.8 million euros). This marks yet another record in the 35-year history of the company. This high turnover result can be attributed first and foremost to the tremendous growth of the Group in international markets. In the 37 countries operating outside of Germany, the Group commission revenues rose disproportionally by 28.3 percent to 104.0 million euros (81.0 million euros). The Commercial division also achieved an exceptional rate of growth, increasing revenues by 29.8 percent to 66.8 million euros (51.5 million euros) and securing the best result for the division in the company’s history in the process.
Generating more than a third of the entire Group commission revenues, the Residential division in Germany also made a significant contribution to the good financial result. “Al-though the brand’s presence covers virtually the whole of Germany, leaving little scope for further expansion, we still managed to build further on our strong market position and exceeded the 100 million euro mark for the first time in 2013,” said Christian Völkers, CEO of Engel & Völkers AG. The residential property shops in Germany, totalling more than 200 altogether, increased their Group commission revenues by 3.9 percent, also setting a new record with revenues of 102.1 million euros (98.3 million euros).