Q1 2025 Altus Group Ltd Earnings Call Transcript

May 8, 2025 / 09:00 PM GMT

Release Date Price: €33.2 (+1.84%)

Transcript

Key Points

Positve

Altus Group Ltd (ASGTF) reported a 47% improvement in profit from continuing operations.
Recurring revenue growth was strong, with a 2.1% increase in Q1.
The company achieved a 280 basis point margin improvement, driven by adjusted EBITDA growth of 29.7%.
Cash provided by operating activities and free cash flow increased significantly compared to the previous year.
The launch of Benchmark Manager in Q1 is expected to enhance client portfolio performance and drive future growth.

Negative

Consolidated revenue was modestly down due to weaker performance in the appraisals and development advisory segment.
Revenue from the appraisals and development advisory segment came in lighter than guidance due to muted CRE transactions.
Recurring new bookings growth, excluding a significant contract, was only 3.1%, indicating a slowdown.
The VMS segment experienced modest growth, impacted by the current macroeconomic environment.
There is ongoing macroeconomic volatility, particularly surrounding tariffs, which could introduce uncertainty in future performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AIF.TO - Altus Group Ltd
Q1 2025 Altus Group Ltd Earnings Call
May 08, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today.

At this time, I would like to welcome everyone to Altus Group's first quarter 2025 financial results conference call and webcast. All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during that time, simply press star, followed by the number 1 on your telephone keypad. If you would like to withdraw your question, press 1 a second time.

Thank you, and I would now like to turn the conference over to Camila B Boershevitz, Chief Communications Officer. Please go ahead.

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