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New Delhi [India], March 31 (ANI/ATK): IWG plc, the world leader in flexible workspaces and coworking including its Regus and Spaces brands and an unrivalled network of 3,345 buildings across 120 countries, issues its preliminary results for the twelve months ended 31 December 2022. This remarkable growth is a reflection of increased demand for flexible working and higher pricing. Despite global inflationary pressure, IWG has continued cost discipline, with central overhead costs remaining almost flat. This achievement is especially impressive given the current economic climate. The company's momentum is set to continue going into 2023, with higher revenue, higher operating profit, higher occupancy, and higher pricing in December 2022. IWG has achieved all of this with an operating profit of Pound 147m in 2022, delivering both growth and cash. The EBITDA increase of 442% to Pound 317m (2021: Pound 59m) was driven by a combination of higher revenue and cost focus. Additionally, cash

New delhiMark dixonInstant groupChief executiveNew delhi indiaArch 31 ani atk iwg plcHe world leader in flexible workspaces and coworking including its regus spaces brands an unrivalled network of 3345 buildings across 120 countriesSsues its preliminary results for the twelve months ended 31 december 2022 this remarkable growth isa reflection of increased demand flexible working and higher pricing despite global inflationary pressureWg has continued cost disciplineIth central overhead costs remaining almost flat this achievement is especially impressive given the current economic climate company 39s momentum set to continue going into 2023Ith higher revenueIgher operating profitHigher occupancyNd higher pricing in december 2022 iwg has achieved all of this with an operating profit pound 147mElivering both growth and cash the ebitda increase of 442 to pound 317m 2021 59m was driven bya combination higher revenue cost focus additionally