IWG PLC revised financial guidance for the year 2018. The company now expects group operating profit for 2018 to be below management's previous expectations by about GBP 15 million to GBP 20 million.

The company now expect to add 275 new locations through the network and invest around GBP 230 million. This compares to what the company reported on the 2 May 2018, in its first quarter update, of 5.7 billion square feet, 230 locations and GBP 200 million of net growth investment.