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BRIEF-Regus Group says business remains in line with expectations
November 3, 2015 / 7:17 AM / 2 years ago

BRIEF-Regus Group says business remains in line with expectations

Nov 3 (Reuters) - Regus Plc

* In nine months to Sept. 30, 2015 group has added 341 new locations

* Are pleased with continued strong performance of our business which remains in line with management expectations

* Looking forward to remainder of 2015, we remain confident in outlook

* Group revenue increased to 478.8 million stg in three month period compared with 413.6 million stg in corresponding period last year

* Underlying cash generation1 has been strong, increasing 54 pct year-on-year to 137.8 million

* Our pipeline of new openings remains strong and, with a number of late 2015 openings now scheduled to open in early 2016

* Year-On-Year mature occupancy for nine months to Sept.30, 2015 increased 3.3 percentage points on a like-for-like basis to 82.2 pct

* Number of late 2015 openings now scheduled to open in early 2016, visibility on net capex for whole of 2015 about 250 million stg, representing about 550 locations Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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