Flex offices group IWG finished the first quarter with a record month for sales.
In a trading statement for the three months to 31 March, the company said revenue had grown by 2% year-on-year to reach $1.06bn (£797m), accompanied by higher signings and openings.
March was a record month for sales globally and in the US, the company said, reiterating its guidance for of full-year EBITDA of $580m to $620m.
Chief executive Mark Dixon (pictured) said: “I am delighted with our start to 2025 despite uncertainty globally. March was a record sales month, and lead indicators such as enquiries and tours are running at all-time highs in the US despite the challenging macroeconomic backdrop.
“We continue to see signings, and openings grow as we further expand our network and coverage, allowing the flywheel of our business model to keep delivering greater cashflow whilst requiring less capital to grow than historically. We are delighted to continue to deliver returns to our shareholders whilst simultaneously reducing debt in-line with our targets.”
Photo © IWG
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