Group revenue increased 6.7% at constant currency to £583.9m in the first quarter, from £580.7m compared to the same period last year, the firm said. Workspace provider IWG reported a 6.7% increase in group revenue in constant currency terms for Q1 2018 , attributed to double-digit growth in the Middle East , the Middle East and Africa , and high single-digit growth in the Americas and Asia Pacific regions. However, currency headwinds from UK Dollar and several Asia Pacific meant actual revenue only increased by 6.7% and mature revenue fell 6.7% . Cash generation also fell £ 23.7 m compared to Q1 2017 to £9.5m. IWG Plc 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 the Middle East , the Middle East and Africa , and high single-digit growth in the Americas and Asia Pacific regions. However, currency headwinds from UK Dollar and several Asia Pacific meant actual revenue only increased by 6.7% and mature revenue fell 6.7% . Cash generation also fell £ 23.7 m compared to Q1 2017 to £9.5m. IWG Plc added 46 new locations over the quarter and has predicted a modest increase in sales and marketing investment this year .