UK managed offices group Regus said it had not yet seen any sign of a slowdown in its business as it released 2007 figures Friday, but added that growth in emerging markets like Brazil, Russia, India and China should compensate for any slowdown that might occur in the US and Europe.
UK managed offices group Regus said it had not yet seen any sign of a slowdown in its business as it released 2007 figures Friday, but added that growth in emerging markets like Brazil, Russia, India and China should compensate for any slowdown that might occur in the US and Europe.
Regus said that revenues from emerging markets rose 40% to £ 113.9 mln (EUR 148 mln) with the opening of new office spaces such as the 140,000 sq ft (13,006 m2) Silver Centre in Shanghai, which is the firm’s largest office space with 1,400 workstations. Further growth in emerging markets is on the agenda, with Africa and Asia at the top of the list.
Regus’ growth rate in emerging markets outpaced the 26% growth rate seen in overall revenues, which amounted to £ 862.4 mln last year. Earnings per share rose 25% to 10.5 pence and the company proposed a dividend of one pence per share, up 66.7% on its 2006 dividend.
