CBRE Group (CBG) Updates on Brexit Impact; Will Not Comment on Q2, FY16 Outlook

CBRE Group, Inc. (NYSE: CBG) issued the following statement in light of the trading activity in its shares following the United Kingdom’s decision to leave the European Union:

CBRE’s business is diversified by line of business and geography. In 2015 the United Kingdom accounted for approximately 10% of CBRE’s global normalized EBITDA.

This press release solely addresses the United Kingdom’s contributions to CBRE’s global normalized EBITDA. The company is not commenting on its second-quarter 2016 earnings or updating its adjusted earnings-per-share guidance for 2016.

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