StockMarketWire.com - IWG, the global operator of workspace brands, has announced a 10.4% dip in revenue in its results for the six months to 30 June 2021, compared to the same period last year.

Revenues came in at £992 million, compared to £1.2bn the year before.

Occupancy stood at 68.4%, compared to 75.3% in 2020.

The company also reported over 900 new enterprise customers were gained during the period.

IWG suffered £39.2m in Covd-19 related charges.

Mark Dixon, chief executive of IWG, said: ‘The significant move to hybrid working has created unprecedented demand for our flexible work products.'

'This fundamental shift in the way people work is clearly a positive tailwind for IWG over the medium to longer term and we are seeing increasing levels of interest from enterprises wishing to transform their working practices.’


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