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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

IWG extends capital return program, reiterates medium-term guidance

(Sharecast News) - Flexible workspaces operator International Workplace Group said on Thursday that its capital return program would continue into 2026, highlighting a strategy focused on capital-light growth. IWG reiterated its medium-term guidance of at least $1bn in underlying earnings, with improved cash flow conversion, and provided full-year 2026 EBITDA guidance of $585m to $625m, as well as at least 4% revenue growth in its company-owned division.

Since December 2023, IWG has returned over $150m to shareholders.

Chief executive Mark Dixon said: "I am delighted to update the market on the progress we have made since our last Investor Day in December 2023. The strategy to grow the most extensive coverage and network in a capital-light manner is working, and it has enabled us to return significant capital to shareholders.

"We expect to continue to deliver both cashflow and growth, and I look forward to discussing the business' operations and financial targets further at our Investor event today in New York City."

As of 0930 GMT, IWG shares were up 0.95% at 233p.

Reporting by Iain Gilbert at Sharecast.com

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