Workspace provider IWG reported a 6.7 % increase in total 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 . However , currency headwinds from US Dollar and several Asia Pacific regions actual revenue only increased by 0.6 % and mature revenue fell 2 % . Cash generation also fell £ 23.7 m compared to Q1 2017 to £ 9.5 m . IWG added two 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. However, currency headwinds from US Dollar and several Asia Pacific meant actual revenue only increased by 0.6% and mature revenue fell 3.6%. 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.