7th Jul 2005 07:00
Regus Group PLC07 July 2005 7 July 2005 PRESS RELEASE Embargoed until 7.00am BST, 7 July 2005 Trading update Chertsey, UK, 7 July 2005, Regus Group plc, (LSE: RGU) Regus Group plc ("Regus"), the leading global provider of office outsourcing,issues the following trading update for the six months ended 30 June 2005. All numbers are stated on a pro forma basis including HQ and at constant rates.EMEA represents Europe, Middle East and Africa (excluding our UK Associate). Trading in the second quarter has continued in line with the Board'sexpectations with good progress in both profit and cash generation. Unaudited revenues for the first six months are expected to be approximately7.6% up on the first six months of 2004. In the first six months, Revenue Per Available Workstation (REVPAW) increased by9.3% over the same period last year driven by month on month revenue increases. The Group has seen growth in revenues and enhanced margins across all threeregions. In particular EMEA has progressed well by increasing its revenueswhilst reducing costs. Organic revenue growth in the Asia Pacific region hasbeen supplemented by new centre openings in China, India, Japan and Korea in thefirst half and the Americas continue to benefit from the acquisition of HQ. Commenting on the first six months performance, Chief Executive Mark Dixon said: "Regus' performance continues to improve in line with the Board's expectations.Enquiries remain strong, demonstrated by our healthy 12 month forward order bookwhich was 15.3 % higher at 30 June 2005 than at the same date last year on acomparable basis. We enter the second half of 2005 well positioned to achieveour objectives for the full year. The Group will open new centres in the secondhalf of the year in Asia Pacific and the Americas, which are expected to startcontributing to the Group next year." Regus will announce its interim results for the six months ended 30 June 2005during the week commencing 12 September 2005. For further information, please contact: Regus Group plcTel: +44 1932 895135John Matthews, ChairmanMark Dixon, Chief Executive Financial DynamicsTel: +44 20 7269 7291David YatesRichard Mountain This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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