IWG plc (IWG) is a provider of coworking, office and meeting spaces. It also provides dedicated desk, luxurious workplaces, trade counters and studios and cosmopolitan members club for businesses. The company offers virtual, custom, and membership offices, business lounges, meeting rooms and workplace recovery solutions. It provides its services to franchisees, property owners and investors and other customers. The company’s brand portfolio includes Regus, Spaces, Signature, No18, HQ, Open Office, The Clubhouse, The Office Operators, BizDojo and among other brands. IWG serves small businesses and large businesses, entrepreneurs, professionals, start-ups, entrepreneurs, branch offices and SMEs. The company's operations are spread across the Americas, Europe, the Middle East, Africa and Asia Pacific. IWG is headquartered in Zug, Switzerland.
Headquarters
Switzerland
Address
Dammstrasse 19, Zug, 6300
Website
www.iwgplc.com
Telephone
41 41 7232323
No of Employees
9,055
Industry
Business and Consumer Services
Ticker Symbol & Exchange
IWG (LON)
Revenue (2022)
$3.7B
7.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-211.6%
(2022 vs 2021)
Market Cap*
$2.2B
Net Profit Margin (2022)
XYZ
-189.2%
(2022 vs 2021)
* As of and is in US$
IWG Plc premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Providing Virtual Offices | Regus |
| Providing Business Centers and Serviced Spaces | Spaces |
| Providing Workplace Solutions | HQ |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, the company in partnership with Majid Al Futtaim opened five state-of-the-art Regus and Spaces locations across Oman, Egypt, and the UAE. |
| 2023 | Contracts/Agreements | In October, the company entered into a partnership with GoGlobal to allow GoGlobal to provide office space and hybrid working solutions to client talent in any location where the company offers direct services. |
| 2023 | Corporate Changes/Expansions | In September, the company opened three new locations in Oman. |
Competitor Comparison
| Key Parameters | IWG Plc | Wework Inc | The British Land Co Plc | Workspace Group Plc | Servcorp Limited |
|---|---|---|---|---|---|
| Headquarters | Switzerland | United States of America | United Kingdom | United Kingdom | Australia |
| City | Zug | New York | London | London | Sydney |
| State/Province | - | New York | England | England | New South Wales |
| No. of Employees | 9,055 | 4,300 | 647 | 291 | 641 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mark Dixon | Director; Chief Executive Officer | Executive Board | 2016 | - |
| Charlie Steel | Director; Chief Financial Officer | Executive Board | 2022 | - |
| Douglas Sutherland | Chairman | Non Executive Board | 2008 | - |
| Timothy Regan | Secretary | Senior Management | - | - |
| Laurie Harris | Director | Non Executive Board | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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