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At the Annual General Meeting which will be held on 19th May 2009, John Matthews, Chairman of Regus, the leading global provider of office space, meeting rooms and virtual office space, will give the following Interim Management Statement covering the period from 1st January 2009.

“I am pleased to report that Regus has made progress and that the Board is satisfied with financial performance, given the difficult trading environment.

Revenues for the four months to 30th April 2009, (at actual exchange rates) were £387.0m, an increase of 16% over the £334.5m achieved for the same period last year.

The number of actual workstations has grown in the first four months by 1,485 to 160,606 with 16 centres being opened, including our 18th centre in Manhattan, Pune in India, Hangzhou in China, and Warsaw in Poland. We have also opened serviced offices in two new countries being Paraguay and Macau, bringing the total number of countries we operate in to 75.

We continue to generate cash with our net cash balance increasing to £227.6m at 30th April 2009. This is despite the strengthening in sterling which reduced our net cash balance by £5.5m and £18.0m being spent to develop our business. Our net cash balance has however benefited from a one off receipt of £18.5m. Subject to shareholder approval at the AGM we will be paying the 2008 final dividend of 1.2p per share on 29th May 2009 to shareholders who were on the register on 1st May 2009

Market conditions remain tough. We are continuing to see pressure on occupancy and price which is impacting net income, although this is partly being offset by the additional revenue opportunities arising from our portfolio of recession busting products and the benefits of our ongoing cost reduction programme. In these more challenging markets we remain confident of our future; we are in the number one market position, we have a truly international spread, we have a flexible business model and we have a strong balance sheet.”

For further information, please contact:

Regus plc Tel: + 352 22 9999 5160
Mark Dixon, Chief Executive Officer
Stephen Gleadle, Chief Financial Officer
Simon Sporborg / Nina Coad
Brunswick Tel: + 44 (0) 20 7404 5959

This interim management statement contains certain forward looking statements with respect to the operations of Regus. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may or may not occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements and forecasts. Nothing in this announcement should be construed as a profit forecast.

About Regus Group
The Regus Group is the world’s leading provider of pioneering workplace solutions, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the largest network of videoconference studios. The Regus Group delivers a new way to work whether it’s from home, on the road or from an office.

Clients such as Google, GlaxoSmithKline, IBM, and Nokia join thousands of growing small and medium businesses that benefit from outsourcing their office and workplace needs to The Regus Group and allowing them to focus on their core business.

Over 400,000 clients a day benefit from Regus Group facilities spread across a global footprint of 1,000 locations, in 450 cities and 75 countries which allows individuals and companies to work wherever, however and whenever they want to.
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This press release was distributed by ResponseSource Press Release Wire on behalf of Regus UK in the following categories: Business & Finance, Construction & Property, for more information visit