June 22, 2017 5:42 PM ET

Commercial Services and Supplies

Company Overview of IWG PLC

Company Overview

IWG Plc, together with its subsidiaries, provides office outsourcing services in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and the United Kingdom. The company offers various workplace formats, including office spaces, co-working spaces, business lounges, meeting rooms, day offices, virtual offices, and mobile sites, as well as workplace recovery services. Its sites provide network monitoring, enterprise-level connectivity, IT helpdesks, firewall security, reception, food and beverage, and facilities management services. The company offers its services to property owners and investors, franchisees, brokers, and customers under the Regus, Regus Express, Spaces, Signature...

Dammstrasse 19

Zug,  6300


Founded in 1989

8,608 Employees

Key Executives for IWG PLC

Founder, Chief Executive Officer and Executive Director
Age: 56
Total Annual Compensation: 2.0M GBP
Chief Financial Officer, Chief Operating Officer and Director
Age: 41
Total Annual Compensation: 1.7M GBP
Compensation as of Fiscal Year 2016.

IWG PLC Key Developments

IWG May Reportedly Look For Buyers

IWG PLC (LSE:IWG) may reportedly look for buyer. Mark Dixon, Founder of IWG, dumped 27.3m shares in IWG. His move came amid speculation the company was seeking a buyer, which sent shares soaring to record highs earlier this month. Dixon will still indirectly hold a stake worth 25% of the company.

Dixon To Buy More Sites

Mark Dixon of IWG PLC (LSE:IWG) is looking at buying more sites.

IWG plc Reports Group Financial Results for the First Quarter Ended March 31, 2017; Provides Financial Guidance for the Remainder of 2017

IWG Plc reported group financial results for the first quarter ended March 31, 2017. For the quarter, the group revenues increased 9.1% to £580.7 million from £532.5 million in the corresponding period last year. At constant exchange rates this represented a 1.5% decrease. Underlying cash generation for the three months to 31 March 2017 was £33.2 million, a reduction of £23.2 million on the corresponding period in the prior year. This reflects timing factors around the quarter end date on working capital this year and, as previously reported, the specific programmers undertaken last year to unlock working capital, which resulted in first quarter 2016 in an additional inflow of approximately £20.0 million. The Group had net debt at 31 March 2017 of £173.5 million, an increase on the 31 December 2016 position of £151.3 million. Gross capital expenditure was £87.0 million and net capital expenditure was £63.4 million. Looking forward to the remainder of 2017, the company is remain confident of delivering a full year performance in line with management's expectations.

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