A first-quarter 14.5 per cent rise in constant-currency revenue from Regus (RGU) has affirmed the growth case for the flexible workspace provider. The group has driven the top line through increased investment, reflected in last year's surge in the size of its premises network. Regus added another 554 locations in 2015, expanding capacity by around a fifth.
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It is one thing boosting revenue, quite another translating that into improved profit and cash flow. But Regus is delivering good margin performance on the back of its transition to a less capital-intensive model through increased use of partnerships. And shareholders can take heart from underlying cash generation, which more than doubled year on year to £56.4m.
