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International Workplace Group/£IWG

1D1W1M3M6MYTD1Y5YMAX

About International Workplace Group

Ticker
£IWG
Primary listing
LSE
Employees
10,000
Headquarters
Zug, Switzerland

IWG Metrics

BasicAdvanced
£1.8B
280.69
£0.01
1.56
£0.01
0.55%

What the Analysts think about IWG

Analyst ratings (Buy, Hold, Sell) for International Workplace Group stock.
Analyst projections of the future price of International Workplace Group stock.

Bulls say / Bears say

IWG is expanding quickly without taking on most new property costs: 395 of 425 H1 openings were capital-light. Recurring management fees rose 84% to $35m, while 257,000 signed rooms offer scope for further growth as they open and mature. (Investegate)
The established company-owned business is showing better pricing and revenue momentum. H1 revenue rose 5% and revenue per available room increased 11%, with occupancy maintained. (Investegate)
Fitch affirmed IWG’s BBB rating with a stable outlook, expecting the growing managed and franchised business to support cash generation and keep leverage below 1.5 times through 2029. That offers some reassurance as the company shifts towards a more capital-light model. (Fitch Ratings)
Cash generation has yet to match the growth story: IWG reported a $55m underlying cash outflow before shareholder returns in H1, and net debt rose to $880m from $715m at year-end. Jefferies also warned that full-year free-cash-flow expectations could fall, putting buybacks in question. (Reuters, Investegate)
H1 operating income fell to $38m from $68m and the company swung to a $20m pre-tax loss. Selling, general and administrative costs rose 26%, so the expected second-half cost savings still need to show up in results. (Financial News)
Revenue productivity in managed partnerships is a risk to the growth pipeline: managed and franchised RevPAR fell 24% year on year to $249. If newer locations take time to mature, the expected returns from the expanding network could arrive more slowly than planned. (Investegate)
Data summarised monthly by Lightyear AI. Last updated on 27 Oct 2026.

IWG Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

IWG Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing IWG

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Market data provided by London Stock Exchange, through Infront.