oldjoe1
03 Mar 2015
Re: REGUS, Results Beat Brokers Forecast BRIEF – Regus full – year revenue rises03 Mar 2015 - 07:30March 3 (Reuters) – Regus Plc :FY revenue 1.68 billion stg versus 1.53 billion stg year agoFinal dividend up 10 percent to 2.75 pence per shareStrong underlying performance, with operating profit up 27 pct at constant currencyGood cash performance, with 176 million stg (18.6 pence per share) of cash generated before net growth capital expenditure and dividendsGroup revenue increased by 15.8 percent at constant currency to 1.676 billion stgCurrent trading is in line with management's expectations and we remain confident in our business model and prospects for2015 – Chief ExecutiveExpect to reduce costs further as a percentage of salesFY group gross profit improved 9 pct at constant currency rates to 383.1 million stgSource text for Eikon: ... Further company coverage: RGU.L(Bengaluru Newsroom) ((+ 91 80 6749 1136)
oldjoe1
03 Mar 2015
REGUS, Results Beat Brokers Forecast RGU......... RESULTS BEAT CONCENSOUS BROKER FIGURES which were,INVESTMENT RATIOS2013 (A) 2014 (E) 2015 (E)EBITDA £135.00m *£221.69m £291.09m3 March 2015REGUS PLC - ANNUAL FINANCIAL REPORT ANNOUNCEMENTYEAR ENDED 31 DECEMBER 2014A transformational year:Good cash generation; strong growth; attractive returnsRegus, the global workplace provider, today announces its annual results for the year ended 31 December 2014.Key highlights:· Strong underlying performance, with operating profit up 27% at constant currency· Good cash performance, with £176m (18.6p per share)of cash generated before net growth capital expenditure and dividends· Grew the network by 24% at a significantly lower average net cost of investment· Pro-forma net debt of £55m (0.3x net debt: EBITDA). Adjusting for £84m post year end property disposals, we self-funded growth in 2014· Achieving attractive returns on investment - 20.9% 2014 post-tax cash return on all net investment made up to 2011· 11% increase in dividend to 4.0p£m20142013% change actual currency% change constant currencyRevenues1,676.11,533.59.3%15.8%Gross profit383.1373.82%9%Overheads(279.6)(283.1)1%(4%)Operating profit (Inc. JV)104.390.815%27%Profit before tax87.181.57%19%Earnings per share (p)7.47.14%17%Dividend per share (p)4.03.611%EBITDA*224.8188.319%29%Return on Investment*20.9%**17.8%***Cash flow before net growth capex and dividends175.6115.4Pro-forma net debt55.057.2Pro-forma net : EBITDA (x)0.30.3* Calculated as: EBITDA less amortisation of partner contributions, less tax based on EBIT, less net maintenancecapital expenditure / growth capital less partner contribution.** estate up to 31 Dec 2011*** estate up to 31 Dec 2010Financial highlights· Group revenue increased by 15.8% at constant currency to £1,676.1m (2013: £1,533.5m), (9.3% at actual rates)· Overheads increased only 4% at constant currency, with a 24% increase in network· 10% increase in final dividend to 2.75p (2013: 2.5p), a full year increase of 11%Strong growth will enhance long-term shareholder value creation· 166 new towns and cities added in year, increasing depth and breadth of national networks· Now in 850 towns and cities· 452 new locations added· Increased network to 2,269 locations· Across 104 countries· £207m of net capital invested in growth· Achieving significantly lower average cost of investment per location due to geographic and size mix and new formats
PiperArrow
19 Feb 2015
Re: Rise Might be a rumour that Mark Dixon has changed his mind on selling his personal holding of some 35%
BigFatHarv
18 Feb 2015
Re: Rise Haven't a clue, but I like it.
Hardboy
18 Feb 2015
Rise OK - who knows why we've had such a strong climb recently?
