Mark Dixon, IWG chief executive, stated, "This has been a good quarter for us with strong fee revenue growth of 46 per cent in the managed and franchised segment, margin expansion in the company-owned and leased segment, and further cash flow production which has reduced net debt." This indicates their ability to adapt and thrive in the current market environment.
The company's revenue grew by two percent year on year, with managed and franchised property revenue increasing by 19 percent in Q3, showcasing robust demand and effective management strategies.
IWG noted that new office openings are up 52% year on year, reflecting a strong recovery in the hybrid workspace sector as more workers return to offices.
Dixon emphasized, "We remain committed to our strategy of growing our network coverage and giving our customers a great day at work," outlining the company’s dedication to enhancing its service and space offerings.
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