IWG plc (GB:IWG) has released an update.
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International Workplace Group plc has announced strong half-year results for 2024, including highest-ever system-wide revenue of $2.1 billion, a 13% increase in EBITDA to $274 million, and a significant reduction in net debt. The company reported a positive earnings per share of 1.6¢ and declared an interim dividend of 0.43¢ per share, reflecting confidence in their capital-light growth strategy and network expansion. The results also indicated a successful refinancing of debt, extending maturities and achieving a debut investment grade credit rating.
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