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HRG unveils first-half results
Hogg Robinson Group has reported “encouraging” first half financial performance, with EBITA up 14% to £13.2 million.
The group said it enjoyed “good new business wins” in the six-month period to September 30, and has maintained its client retention rate above 90%.
Chief executive David Radcliffe said: “We delivered an encouraging first half performance in line with management’s expectations.
“After adjusting for the prior year benefit of the FIFA World Cup and the current year incremental European restructuring costs, we have demonstrated our ability to grow revenue and EBITA.
“We were also successful in growing our client base. We believe that HRG continues to be well positioned for growth in the full year.”
By Bev Fearis
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Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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