Expansion plans hit IWG profits
IWG, the flexible workspace group in the midst of takeover talks, has warned profits for 2018 will be £15m to £20m less than previously forecast.
The group said expansion plans will hit profits in the short term, but did report an uplift in sales and improvements in both occupancy and pricing across the portfolio in its latest update to the market.
This is premium content
You must be logged in to view premium stories.
Subscribe for full access
Take out a print and online or online only subscription and you will get immediate access to:
- Breaking industry news as it happens
- Expert analysis and comment from industry leaders
- Unlimited access to all stories, including premium content
- Full access to all our online archive
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts
If you are already a registered user or a subscriber you can SIGN IN now