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Regus enjoyed good trading in September quarter

03 November 2015 07:41

Regus has enjoyed good trading in the quarter to 30 September 2015, continuing the momentum reported at the time of the interim results.

In the three months to Sept. 30, group revenue increased to GBP478.8m compared with GBP413.6m in the corresponding period last year, an increase of 17.3% at constant currency rates (up 15.8% at actual rates).

For the nine months ended 30 September 2015, Group revenue increased to GBP1,415.8m compared with GBP1,218.3m for the same period last year, an improvement of 16.7% at constant currency rates (up 16.2% at actual rates). Prevailing exchange rates have provided a headwind on the translation of our results during the third quarter.

Underlying cash generation1 has been strong, increasing 54% year-on-year to GBP137.8m (nine months to September 2014: GBP89.6m), reflecting the good trading performance.

Story provided by StockMarketWire.com

Related Company: RGU

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