News on 15 November 2000
Serviced office provider Regus, which recently floated announced increased
turnover for the third quarter to 30 September 2000.
Regus’
listings on the London Stock Exchange and NASDAQ were completed last month
(see News story), raising £239m
for the Group. Turnover rose by 123% to £115m, including a 493%
growth in the Americas region. Revenue in the UK and Ireland increased
by 95% to £51m and by 65% to £30.9m in the rest of Europe.
The rest of the world’s revenue rose by 204% to £7.6m.
In the three months, 19 new centres and two expansions incorporating 5,129
workstations were opened and at the end of September, Regus had a total
of 306 centres and 55,938 workstations. Revenue from established centres
increased by 166% to £66.4m.
Chief executive Mark Dixon said: "I am delighted to be able to report
maiden profits and accelerated growth. Most of the growth, however, remains
in front of us. For many reasons, 2000 will be a landmark for Regus."
