София,
21
март
2011
|
00:00
Europe/Sofia

REGUS PLC – ANNUAL RESULTS ANNOUNCEMENT - YEAR ENDED 31 DECEMBER 2010

FINANCIAL HIGHLIGHTS• Revenues of £1,040.4m (2009: £1,055.1m)• Mature margin recovery during H2 2010 to circa 22.3%.• EBIT of £23.8m* (2009: £72.3m*) which is after growth costs. EBIT before growth costs of £42.0m* (2009: £80.0m*)• Cash from Operations of £109.7m* (2009: £105.1m*)• Net Cash of £191.5m (2009: £237.0m)• Earnings per share of 1.9p* (2009: 5.4p*)• Full Year Dividend per share increased by 8% to 2.6p (2009: 2.4p)*Excludes exceptional restructuring costs of £15.8m in 2010 and a net exceptional gain in 2009 of £15.7m.STRATEGIC AND OPERATIONAL HIGHLIGHTS• Significant cash investment in growth of £69.7m translating into 125 new centres and 20,122 workstations• Global footprint extended to 87 countries, including new openings in Oman, Ghana and Lithuania• Strengthened management team and structure to support growth• Improvements in marketing and sales increased enquiries by 32% and deal volumes by 12%• Annualised costs savings achieved since the second half of 2008 now circa £135 million• Continued Businessworld growth – 69% increase in membership to 540,000 (2009: 320,000)Commenting on today’s announcement Mark Dixon, Chief Executive of Regus plc, said:“Against a tough economic backdrop Regus delivered solid financial results, driven almost entirely by execution on a range of key strategic initiatives started two years ago when the recession hit. We have seen little benefit from any economic upturn but we have continued to invest in growth, mature margins have held up well and cash flow continued to be strong reflecting the underlying health of the business. In terms of outlook we remain cautious on the economy, however we have been encouraged by recent positive trends that reflect the continued strategic delivery of our initiatives. In 2011 we are well positioned for a year of solid revenue growth and business improvement with continuing strong underlying cash flow generation.”For further information, please contact:Regus plc Tel: +352 22 9999 5160Mark Dixon, Chief Executive OfficerStephen Gleadle, Chief Financial OfficerAndrew Brown, Group Communications DirectorBrunswick Tel: + 44 (0) 20 7404 5959Simon SporborgWendel Verbeek