International Workplace Group (IWG)

Index:

FTSE 250

165.10p
   
  • Change Today:
      1.40p
  • 52 Week High: 207.00p
  • 52 Week Low: 142.80p
  • Currency: UK Pounds
  • Shares Issued: 1,012.01m
  • Volume: 1,271,269
  • Market Cap: £1,670.82m
  • RiskGrade: 213
  • Beta: 1.66

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Total Dividend1.00pn/an/an/a2.15p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 2,958.00 2,751.00 2,227.00 2,431.90 2,648.90
Operating Profit/(Loss) 146.00 148.00 (87.00) (347.40) 286.80
Net Interest (334.00) (252.00) (172.00) (263.30) (231.80)
Profit Before Tax (189.00) (105.00) (259.00) (613.30) 55.00
Profit After Tax (216.00) (73.00) (269.00) (645.30) 77.30
Discontinued Operations          
Profit After Tax n/a 1.00 59.00 (1.50) 373.30
PROFIT FOR THE PERIOD (216.00) (72.00) (210.00) (646.80) 450.60
Attributable to:          
Equity Holders of Parent Company (215.00) (69.00) (205.00) (646.80) 450.60
Minority Interests (1.00) (3.00) (5.00) n/a n/a
           
Continuing EPS          
Earnings per Share - Basic (21.40p) (7.00p) (26.20p) (67.80p) 8.70p
Earnings per Share - Diluted (21.40p) (7.00p) (26.20p) (67.80p) 8.50p
Earnings per Share - Adjusted (21.40p) (7.00p) (26.20p) (26.40p) 8.70p
Continuing and Discontinued EPS          
Earnings per Share - Basic (21.40p) (6.90p) (20.40p) (67.90p) 50.50p
Earnings per Share - Diluted (21.40p) (6.90p) (20.40p) (67.90p) 49.60p
Earnings per Share - Adjusted (21.40p) (6.90p) (20.40p) (26.40p) 50.50p
           
Dividend per Share 1.00p n/a n/a n/a 2.15p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 5,399.00 6,234.00 6,376.00 6,855.90 7,190.70
Intangible Assets 1,128.00 1,148.00 782.00 748.80 719.60
Investment Properties n/a n/a n/a n/a n/a
Investments 45.00 45.00 45.00 11.30 13.80
Other Financial Assets 64.00 95.00 n/a n/a n/a
Other Non-Current Assets 504.00 514.00 377.00 243.20 256.00
  7,140.00 8,036.00 7,580.00 7,859.20 8,180.10
Current Assets          
Inventories 1.00 1.00 1.00 1.30 1.30
Trade & Other Receivables 891.00 938.00 753.00 1,003.70 681.30
Cash at Bank & in Hand 110.00 161.00 78.00 71.00 66.60
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 60.00 52.00 n/a 29.10 24.00
  1,062.00 1,152.00 832.00 1,105.10 773.20
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 8,202.00 9,188.00 8,412.00 8,964.30 8,953.30
           
Liabilities          
Current Liabilities          
Borrowings 937.00 1,287.00 954.00 1,041.50 987.10
Other Current Liabilities 1,810.00 1,733.00 1,313.00 1,394.00 1,152.60
  2,747.00 3,020.00 2,267.00 2,435.50 2,139.70
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 5,158.00 5,625.00 5,642.00 5,939.10 5,919.60
Provisions 197.00 218.00 159.00 18.30 9.80
Other Non-Current Liabilities 15.00 13.00 39.00 57.60 3.70
  5,370.00 5,856.00 5,840.00 6,015.00 5,933.10
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 8,117.00 8,876.00 8,107.00 8,450.50 8,072.80
           
Net Assets 85.00 312.00 305.00 513.80 880.50
           
Capital & Reserves          
Share Capital 10.00 10.00 10.00 10.50 9.20
Share Premium Account 313.00 313.00 313.00 312.60 n/a
Other Reserves (121.00) (105.00) (109.00) (92.30) (56.40)
Retained Earnings (168.00) 42.00 82.00 283.00 927.70
Shareholders Funds 34.00 260.00 296.00 513.80 880.50
           
Minority Interests/Other Equity 51.00 52.00 9.00 n/a n/a
Total Equity 85.00 312.00 305.00 513.80 880.50
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 1,197.00 1,147.00 735.00 968.90 904.40
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (163.00) (538.00) 62.00 (565.60) 30.50
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (1,077.00) (532.00) (792.00) (404.00) (941.50)
Net Increase/Decrease In Cash (43.00) 77.00 5.00 (0.70) (6.60)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted n/a n/a n/a n/a 50.1
PEG - Adjusted n/a n/a n/a n/a n/a
Earnings per Share Growth - Adjusted n/a n/a n/a n/a -1%
Dividend Cover (21.40) n/a n/a n/a 4.05
Revenue per Share 293.84p 273.22p 2.23p 255.48p 296.72p
Pre-Tax Profit per Share (18.77p) (10.43p) (0.26p) (64.43p) 6.16p
Operating Margin 4.94% 5.38% (3.91%) (14.29%) 10.83%
Return on Capital Employed 2.76% 2.34% n/a n/a 4.05%
Continuing & Discontinued Operations          
PE Ratio - Adjusted n/a n/a n/a n/a 8.6
PEG - Adjusted n/a n/a n/a n/a 0.0
Earnings per Share Growth - Adjusted n/a n/a n/a n/a 332%
Dividend Cover (21.40) n/a n/a n/a 23.49
           
Dividend Yield 0.5% 0.0% 0.0% 0.0% 0.5%
Dividend per Share Growth n/a n/a n/a n/a (65.87%)
Operating Cash Flow per Share 118.91p 113.92p 72.97p 101.79p 101.31p
Cash Incr/Decr per Share (4.27p) 7.65p 0.005p (0.074p) (0.74p)
Net Asset Value per Share (exc. Intangibles) (103.61p) (83.03p) (47.36p) (24.69p) 18.02p
Net Gearing 17,602.94% 2,596.54% 2,202.03% 1,344.80% 776.84%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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