A flexible business model has helped HRG achieve a “strong set of results in a volatile market”, its chief executive said this week.
Chief executive David Radcliffe said adaptable technology and a partially‘virtual’ workforce have helped it to weather the economic storm.
In the six months to September, the group reported a 22% rise in underlying pre-tax profits to £18.7 million and revenue up 10% to £186.8 million.
During the period the travel management company admitted it lost some accounts but won more, including AIG, Allianz, CGI, CSL, MMG and Posten Norge
“By anybody’s measurements we have achieved a good strong set of results,” said Radcliffe.
“We know it’s a volatile market but we have enough believe in our model that we know we will achieve full-year growth and we have guaranteed that we will pay at least a 20% increase on the dividend.”
by Bev Fearis
