Jones Lang LaSalle Incorporated (NYSE:JLL) Q4 2022 Earnings Call Transcript

Patrick McIlwee: Got it. That’s great. And then just quickly, you mentioned that you’re still on track to achieve your 2025 targets. And in November, you did mention that those assume a recessionary environment in 2023. I guess given the commentary you gave us today, would you say that your expectations in terms of the severity or timing of that environment have changed? Or would you see that recent developments are baked in for the most part there?

Christian Ulbrich : For the time being, we are still in line with our expectations expressed in November. We are obviously expecting a pretty strong recovery of the transactional environment in the second half of this year. So let’s wait for the second half of this year, whether we have to take anything away from that.

Operator: There are no questions waiting at this time. I would now like to pass the conference back over to Christian for closing remarks.

Christian Ulbrich : Thank you, operator. On behalf of the entire JLL team, we thank you all for participating on the call today. Karen and I look forward to speaking with you again following the first quarter.

Operator: That concludes the conference call. Thank you for your participation. You may now disconnect your line.