The Executive Centre (TEC) 1H 2020 Results
Helping companies in APAC and the Middle East adapt to the post-COVID-19 world of work Strong demand drives further expansion across APAC and GCC Steady performance with revenues up 5.3 % y/y to US 119.6m EBITDA down y/y 3.2% to us 21.7m Steady cashflow generation from stable client base NEW DELHI, Sept. 2, 2020 /PRNewswire/ — The Executive Centre (TEC), the leading premium flexible workspace provider with more than 135 centres in 32 cities and 14 countries across the world's fastest growing economies of Asia Pacific and the Middle East, releases financial results for the six months ended June 30, 2020 (“1H2020”). “It cannot be denied that the COVID-19 pandemic has been the main external factor impacting the performance of companies. As a result, the world of work is changing dramatically as businesses focus on managing costs to survive and look for workspaces with greater flexibility to support in office and remote working. We have been supporting our membe...