IWG plc proposed resuming dividend payments. Accordingly, IWG management is recommending a final dividend of 1.0p per share which, if approved, would be payable on 31 May 2024 to shareholders on the register at the close of business on 3 May 2024.
Other financial highlights include:
Highest-ever revenue in IWG's 35-year history with 10% constant currency growth in system-wide revenue to £3.3bn, 8% growth at actual currency
EBITDA increase of 34% to £403m (2022: £311m) driven by combination of higher revenue and cost focus
Higher cash generation of £297m cash flow from business activitie (2022: £151m) and £104m lower net financial debt vs 2022
Expanding footprint globally across diverse locations with a doubling in the open rate during 2023 from 2022, almost all with no capex
Continued cost discipline with revenue growth higher than cost growth despite continued global inflationary pressure
