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4-Traders Homepage  >  Equities  >  Nyse  >  Re/Max Holdings Inc    RMAX

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RE/MAX : Expands Global Presence

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05/25/2017 | 08:41pm CEST

Real Estate Franchisor Adds New Countries and Territories to Global Network, Celebrates International Growth in Q1 2017

DENVER
- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, expanded into Barbados, Trinidad and Tobago, and Latvia during the first quarter of 2017, further widening its global presence of over 100 countries and territories.
'The RE/MAX global footprint continues to expand,' said Larry Oberly, Vice President, Global Development, RE/MAX, LLC. 'Our agent-centric business model has been successful around the world. We're able to attract and support productive agents who embrace high standards, collaboration and professional development, which all help them provide outstanding service to their clients.' RE/MAX reached the milestone of 30,000 agents outside the U.S and Canada during the first quarter of 2017. Other highlights include:
  • RE/MAX office count outside the U.S. and Canada increased 8 percent year-over-year through the end of the first quarter
  • RE/MAX agent count outside the U.S. and Canada increased 15 percent year-over-year through the end of the first quarter
  • Growth in Latin America and Caribbean was significant, as the territory generated a net agent gain of 37 percent and a net office gain of 14 percent year-over-year through the end of the first quarter
  • Growth in Europe was also noteworthy, as the region saw a net agent gain of 14 percent year-over-year through the end the first quarter. RE/MAX Portugal, RE/MAX Turkey and RE/MAX Italy had the largest year-over-year increases in the region
RE/MAX is in more countries than any other real estate brand and is home to over 110,000 agents around the world. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. # # #
About the RE/MAX Network: RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 110,000 agents provide RE/MAX a global reach of more than 100 countries and territories. Nobody sells more real estate than RE/MAX when measured by residential transaction sides. RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, is a wholly-owned subsidiary of RMCO, LLC, which is controlled and managed by RE/MAX Holdings, Inc. (NYSE:RMAX). With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $157 million for Children's Miracle Network Hospitals and other charities. For more information about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit www.remax.com/newsroom.

RE/MAX Holdings Inc. published this content on 25 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 May 2017 18:40:18 UTC.

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Financials ($)
Sales 2017 196 M
EBIT 2017 81,5 M
Net income 2017 31,0 M
Debt 2017 75,9 M
Yield 2017 1,33%
P/E ratio 2017 35,46
P/E ratio 2018 31,36
EV / Sales 2017 5,29x
EV / Sales 2018 5,07x
Capitalization 961 M
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Mean consensus HOLD
Number of Analysts 10
Average target price 56,4 $
Spread / Average Target 3,9%
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NameTitle
David L. Liniger Chairman & Chief Executive Officer
Geoffrey D. Lewis President
Adam M. Contos Chief Operating Officer
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