International Workplace Group PLC (LSE:IWG)

£ 1.723 0.062 (3.73%) Market Cap: 1.74 Bil Enterprise Value: 7.25 Bil PE Ratio: 0 PB Ratio: 38.29 GF Score: 75/100

Q1 2019 IWG Plc Trading Statement Call Transcript

May 01, 2019 / 07:30AM GMT

Release Date Price: £3.41 (+0.26%)

Transcript

Operator

Good morning, ladies and gentlemen and thank you for standing by. Welcome to today's IWG Q1 Trading Update Analyst and Investor Conference Call. (Operator Instructions) I must also advise you that the conference is being recorded today, May 1, 2019.

I would now like to hand the conference over to your first speaker today, the CEO, Mr. Mark Dixon. Thank you. Please go ahead, sir.

Mark Dixon

IWG plc - CEO & Director

Hello. Thank you, operator, and good morning, everyone. Thank you for joining us on this call this morning to discuss our first quarter trading update. As usual, I'm joined on today's call by Eric Hageman, our group CFO.

Firstly, I'd like to make some brief remarks and then hand the call over to Eric to comment on the financial performance and then we'll be open for any questions.

The momentum we saw building through 2018 has continued and we started 2019 strongly. And this is clearly reflected in our constant currency revenue growth. Revenue from our open centers increased over 15% with all regions contributing to

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