IWG plc (GB:IWG) has released an update.
IWG plc, a leader in hybrid workspace solutions, has reported a positive first quarter in 2024 with a 2% year-on-year revenue growth on a constant currency basis, strong margin expansion, and continued network expansion through its flexible workspace brands. The company-owned and leased division saw significant margin growth contributing to increased cash flow, while the managed and franchised division experienced a boost in new center openings and signings. IWG remains on track with its financial outlook for 2024, maintaining a strategy of capital-light growth and expecting net debt reduction throughout the year.
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