IWG Sees Record U.S. Demand, Expands Buyback To $100 Million

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Office space provider IWG said on Tuesday its core activities were not directly impacted by trade tariffs imposed by President Donald Trump, and that its business indicators in the U.S. were at an all-time high.

“March was a record sales month, and lead indicators such as enquiries and tours are running at all-time highs in the U.S. despite the challenging macroeconomic backdrop,” CEO Mark Dixon said.

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IWG said it had not seen any impact on signings or openings to date, as it posted a 2% rise in first-quarter system-wide revenue and affirmed its annual forecast.

The company expanded its share buyback programme to $100 million from $50 million earlier.

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(Reporting by Simone Lobo in Bengaluru; Editing by Rashmi Aich)

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