Workspace provider IWG reported a 6.7% increase in group revenue in constant currency terms for Q1 2018, attributed to double-digit growth in Europe, the Middle East and Africa, and high single-digit growth in the Americas and Asia Pacific regions. The company also announced that it has completed its acquisition of IWB’s business in India. Cash generation also fell £ 23.7m compared to Q1 2017 to £9.5m. While revenue in the UK, as anticipated, was broadly flat, the firm said. IWG added 46 new locations over the quarter and has predicted a modest increase in sales and marketing investment this year.
Workspace provider IWG reported a 6.7% increase in group revenue in constant currency terms for Q1 2018, attributed to double-digit growth in Europe, the Middle East and Africa, and high single-digit growth in the Americas and Asia Pacific regions. The company also announced that it has completed its acquisition of IWB’s business in India. Cash generation also fell £ 23.7m compared to Q1 2017 to £9.5m. IWG added 46 new locations over the quarter and has predicted a modest increase in sales and marketing investment this year.