May 6 (Reuters) – Office space provider IWG (IWG.L) announced on Tuesday that its core operations have not been significantly affected by trade tariffs imposed by President Donald Trump. The company also reported that its business indicators in the U.S. are at record levels.
CEO Mark Dixon stated, “March was a record sales month, and lead indicators such as inquiries and tours are at all-time highs in the U.S., despite the challenging economic environment.”
IWG noted that it has not seen any negative effects on signings or openings so far. The company reported a 2% increase in system-wide revenue for the first quarter and reaffirmed its annual forecast.
In addition, IWG has expanded its share buyback program to $100 million, up from $50 million.
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