Regus plc has reported a 23% growth in sales over the past year and the successful integration of MWB’s portfolio of UK offices. As the world’s largest provider of Serviced Office space, Regus has increased operating profits to £90.8m, despite investing over £300m to acquire new locations and renew its established Business Centres.
The year-end figures reveal that Regus was able to dramatically increase the total number of sites by 30%, whilst maintaining operating profits which rose by 1%. Mark Dixon, Regus CEO, commented: “It’s been another record year of achievement for Regus, with strong progress made across all parts of the business. Group revenue was up 23%, following a 30% increase in the size of our global network to 1,831 business centre locations, an unprecedented rate of growth and investment, which included the successful integration of MWB.”
As an early entrant to the competitive Serviced Office market, Regus has sought to continuously innovate and offer its clients genuine global coverage. The FTSE 250-listed company has announced plans to open more than 300 additional centres over the next 12 months. These will also include the new ‘Third Place’ concept. For Regus, a Third Place is a fully equipped alternative to working from home or at a permanent office. As part of this innovative business model, Regus will offer clients on the move the opportunity to check into a business lounge at a motorway service station or hot-desk at a railway station.