International Workplace Group PLC (FRA:IWG)

€ 2.148 -0.004 (-0.19%) Market Cap: 2.19 Bil Enterprise Value: 9.22 Bil PE Ratio: 0 PB Ratio: 54.21 GF Score: 73/100

Q1 2020 IWG Plc Trading Update Call Transcript

May 28, 2020 / 07:30AM GMT

Release Date Price: €3.29 (+18.08%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to EIV -- IWG Q1 trading update. (Operator Instructions)

I would now like to hand the conference over to your speaker today, Mark Dixon. Please go ahead, sir.

Mark Dixon

IWG plc - CEO & Executive Director

Well, thank you, operator. First of all, let me apologize to everyone. There's a -- there seems to be a technical problem with our -- with the conference organizer here, so everyone has been held up. I apologize for that. There are still 1 or 2 people just coming on. I hope you've now joined us.

Good morning, everyone, and thank you for joining the call today to discuss trading update 30th of April; and the equity placing, which raised approximately GBP 320 million, both of which were announced after market hours last night. So hopefully, you've had a chance to review the documents. I'm joined on the call today by Eric Hageman, our CFO. And we'll both take questions at the end of the call.

First of all, to the trading update. As we said on previous occasions, we

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