IWG PLC (LON:IWG) said it expects a “particularly challenging” third quarter but it sees encouraging signs for improvement into the fourth quarter.
The provider of offices remains focused on maximising further cost savings on top of the £180mln already saved.
READ: IWG raises £320mln in share placing as it expects significant hit to quarterly sales
In the six months to June 30, revenue slid 3% to £1.3bn, while loss before tax widened 25% to £235mln amid coronavirus disruption, which brought to extra charges of £155mln.
Shares slipped 8% to 208.4p on Tuesday morning.