IWG Full Year 2023 Earnings: Misses Expectations
IWG (LON:IWG) Full Year 2023 Results
Key Financial Results
Revenue: UK£2.96b (up 7.5% from FY 2022).
Net loss: UK£215.0m (loss widened by 82% from FY 2022).
UK£0.21 loss per share (further deteriorated from UK£0.12 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
IWG Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.3% decline forecast for the Real Estate industry in the United Kingdom.
Performance of the British Real Estate industry.
The company's shares are down 3.7% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of IWG's balance sheet and an in-depth analysis of the company's financial position.
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