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IWG upbeat despite swinging to a loss

The flexible workspace provider believes there will be a shift to suburban satellite offices in the aftermath of Covid-19
IWG upbeat despite swinging to a loss

Perhaps surprisingly given the global Covid-19 lockdowns, flexible workspace provider IWG (IWG) saw revenue from its open centres increase by 10 per cent at constant currencies in the six months to 30 June, to £1.3bn. This was driven by revenue from ‘Europe, the Middle East and Asia’ (EMEA) – its second largest region – increasing by more than a fifth to £364m.

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