December 06, 2016 1:20 PM ET

Commercial Services and Supplies

Company Overview of Regus plc

Company Overview

Regus plc, together with its subsidiaries, provides office outsourcing services in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and the United Kingdom. It provides office spaces for rent, part-time offices, day offices, business centers, coworking networks, and home working offices. The company also offers virtual office services, telephone answering, business addresses, and mail handling services; meeting, board, and class rooms, as well as theater for professional presentations; video conference suites; and business lounges. In addition, it provides work place recovery services for resuming operations when workplaces are disabled by fire, power failure, or industrial ac...

26 Boulevard Royal

Luxembourg,  2449

Luxembourg

Founded in 1989

9,290 Employees

Phone:

352 22 99 99 1

Fax:

352 22 99 99 54 99

Key Executives for Regus plc

Founder, Chief Executive Officer and Executive Director
Age: 56
Total Annual Compensation: 1.2M GBP
Chief Financial Officer, Chief Operating Officer and Director
Age: 41
Total Annual Compensation: 241.6K GBP
Compensation as of Fiscal Year 2015.

Regus plc Key Developments

Regus plc Intends to Create International Workplace Group, its New Holding Company

Regus plc announced its intention to create a holding company, IWG, International Workplace Group. This move reflects the increasingly broad spectrum of services offered by the group. The company now has visibility over approx GBP 150 million of net investments and around 240 new locations being opened during 2016.

Regus plc Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Net Capital Expenditure Guidance for the Year 2016

Regus plc announced earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the group revenue increased to £566.9 million compared with £478.8 million in the corresponding period last year, an increase of 3.8% at constant currency rates (up 18.4% at actual rates). For the nine months, the group revenue increased to £1,644.5 million compared with £1,415.8 million for the same period last year, an improvement of 8.1% at constant currency rates (up 16.2% at actual rates). Group underlying operating profit performance has been strong and for the period, in constant currency, remains consistent with the 30% improvement reported with the interim results. The operating profit at actual rates has benefitted further from prevailing exchange rates which have provided a tailwind on the translation of its results during the quarter. Underlying cash generation has increased 52% year-on-year to £208.9 million compared to £137.8 million a year ago, reflecting the strong profit performance. Net debt at 30 September 2016 was £158.1 million, a decrease on the 30 June 2016 position of £173.8 million. Net Growth capital Expenditure was £126.2 million. For the year 2016, the company expects net capital expenditure of approximately £150 million.

Regus plc, Special/Extraordinary Shareholders Meeting, Dec 05, 2016

Regus plc, Special/Extraordinary Shareholders Meeting, Dec 05, 2016, at 13:15 Coordinated Universal Time. Agenda: To discuss the new holding company.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 19, 2016
Causeway House in Teddington
Buyback
June 27, 2016
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