Regus Interim Statement Shows Revenue Decline

Regus’ latest interim statement has revealed a decline in revenue. 

 

The global serviced office operator has suffered a decrease of 9.5% in revenue for the four months up to 31^st October, compared to the same period in 2008.   Regus revenues for the period were reported at £332 million, a fall from the £367 million that the leading provider of flexible office space solutions saw last year.

 

In August Regus posted its results for the six-month period ended June 30^th, revealing a jump in net cash balance from ÂŁ211.2m to ÂŁ229.5m

 

During late September CEO Mark Dixon sold 10% of Regus Holdings.  The Financial Times reported that the move was in a bid to add liquidity to the company’s share float, which was being constrained.

 

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