16th Jan 2020 09:20
(Alliance News) - Workspace Group PLC on Thursday said its performance improved in the third quarter of its current financial year and it expects this progress to continue.
The London-based flexible office space provider reported "strong" customer demand in the three months to the end of 2019, with enquiries averaging 1,001 per month, up 10% from 907 a year ago. Lettings, meanwhile, averaged 113 per month, 15% higher compared to 98 a year before.
"This was a very encouraging third quarter for the company. Despite the uncertainty around the general election and the usual seasonal impact, enquiries and lettings were strong," said Chief Executive Graham Clemett.
The FSTE 250-listed company noted that since the start of 2020, it has experienced a "noticeable" increase in enquiries and viewing activity, which reflects improved business confidence following the UK general election in December.
Looking ahead, Clemett said: "We continue to monitor acquisition opportunities while remaining disciplined in our return criteria. We look forward to delivering continued progress for the full year in line with expectations."
Workspace's financial year is to the end of March.
Workspace shares were trading 0.7% higher in London on Thursday morning at 1,152.00 pence each.
By Evelina Grecenko; [email protected]
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