IWG plans growth as flexible offices reach ‘tipping point’

IWG, the world’s largest serviced office provider, has announced a positive outlook for 2018, despite issuing a profit warning last year. The company, which operates brands including Regus, has forecast a “tipping point” for the flexible office sector in 2018, in which it becomes “the norm for progressive businesses worldwide as they seek flexibility, employee satisfaction and cost efficiency.” On the back of the improved forecast, IWG upped its dividend by 12%.

Profit fall response

The group reported a pre-tax profit fall of 14% to £149.4m, while operating profits slumped 12% to £163.2m. Revenues rose to £2.4bn from £2.2bn. IWG