International Workplace backs outlook after "strong" first quarter

(Alliance News) - International Workplace Group PLC on Tuesday reiterated its full-year guidance as it posted top-line gains in the first quarter of 2026.

The Zug, Switzerland-based provider of hybrid workspace under Regus and other brands said system-wide revenue grew 8.8% to USD1.17 billion in the first quarter, from USD1.07 billion a year prior.

Group revenue improved 3.7% to USD958 million from USD924 million.

Looking to the full-year, the company maintained its guidance, with adjusted earnings before interest, tax, depreciation and amortisation expected between USD585 million and USD625 million. For 2025, adjusted Ebitda was USD531 million.

IWG also guides company-owned revenue growth of at least 4% and recurring managed fee income of USD80 million.

Shares in IWG were up 2.2% at 192.40 pence on Tuesday morning in London.

"I am delighted with our strong start to 2026 as we continue the rapid growth of our network supported by increasing sales despite the challenging economic backdrop," said Chief Executive Mark Dixon.

"Potential customers are requiring more flexibility in their Real Estate strategy to address the uncertainty arising from the impact of conflicts and the growing influence of AI. This is resulting in record levels of Enterprise customer enquiries as our coverage and network enable us to provide unique, flexible, global solutions."

By Christopher Ward, Alliance News reporter

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International Workplace Group