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September 2022, Virtual
September 29 2022, Virtual
Workspace provider Regus is expecting to have more than 2,000 locations around the world by the end of next year.
The company currently has 1,605 centres across 100 countries – it opened in Nepal in June - and wants this to rise to more than 2,000 by the end of 2014.
Regus’ growth of 14 per cent so far in 2013 has been boosted by the acquisition of rival operator MWB Business Exchange in February which has added 64 locations to the UK portfolio which has now reached 215 centres.
Regus saw global revenue rise by 22.4 per cent to £744.7 million during the first six months of 2013 although operating profit was flat at £34.3 million year-on-year, due to the £7.4 million costs of the MWB purchase.
Mark Dixon, chief executive of Regus, said that the company continued to “display significant positive momentum”.
“In a growing market driven by fundamental changes in the way people and businesses choose to work, we are successfully implementing our strategy,” he said.
“Our mature centres business continues to perform strongly and generate significant cash flow and we continue to find good opportunities to reinvest into the business to drive further growth.”
Regus said that the purchase of MWB made 2013 a “pivotal period” for its UK business which has increased the number of workstations by 44.3 per cent from 41,034 to 59,193 during the first half of the year.
The company last year began operating business centres within some UK service stations – Regus currently has deals with Welcome Break and Moto.
Dixon said: “As we continue to build our business to better serve the growing number of mobile workers, the macro-trends - technology, cost, work/life factors and sustainability among others - continue to drive market growth.”