As expected the improving trend in sales activity at the beginning of the year has led to a gradual improvement in revenue growth throughout the first half, with IWG returning to growth in Q2. IWG released interim results for H1 2017 , which showed revenues of £ 1,169.7 m , helped by a return to growth in revenue and a significant reduction in overheads , which as a percentage of revenue were down 210 basis points to 10.6 % . This helped to mitigate the impact on operating profit ( which fell from £ 89.1 m to £ 87.0 m ) from a reduction in gross profit ( down £ 13.9 m to £ 211.3 m including growth and closures ) . Post - tax cash returns were strong with a 23.3 % return ( calculation specified ) on pre-2013 investment . Net debt increased as did net growth capital investment , which more than doubled to £ 179.7 m , including around £ 110 m on property . The interim dividend increased 20 % to date . With 149 new additions , the group 's global network stood at 2,996 locations . It added 23 locations in H1 , moving into five new countries , and 50 further locations are planned for 2017 .
IWG released interim results for H1 2017 , which showed revenues of £ 1,169.7 m , helped by a return to growth in revenue and a significant reduction in overheads , which as a percentage of revenue were down 210 basis points to 10.6 % . This helped to mitigate the impact on operating profit ( which fell from £ 89.1 m to £ 87.0 m ) from a reduction in gross profit ( down £ 13.9 m to £ 211.3 m including growth and closures ) . Post - tax cash returns were strong with a 23.3 % return ( calculation specified ) on pre-2013 investment . Net debt increased as did net growth capital investment , which more than doubled to £ 179.7 m , including around £ 110 m on property . The interim dividend increased 20 % to date . With 149 new additions , the group 's global network stood at 2,996 locations . It added 23 locations in H1 , moving into five new countries , and 50 further locations are planned for 2017 .