Hogg Robinson reports annual profits up 16%

Hogg Robinson reports annual profits up 16%

Hogg Robinson Group today revealed underlying profits up by 16% to £38.2 million in the year to March.

Client travel transaction activity rose by 2% and spending was up by 5% over the previous year. Revenue was 5% higher at £374 million.

The travel management company said it had a strong pipeline of opportunities across multiple client sectors

Chief executive David Radcliffe said: “I am happy to report another strong set of results for HRG despite the continuing challenging economic conditions with underlying profit before tax up 16% to £38.2 million.

“We have continued to provide an excellent, tailored service to clients as we bring to bear the breadth of the group’s services and experience to help them gain better value from their travel expenditure.

“At the end of the year, we were very pleased to take full operational control of Spendvision, which improves our ability to offer clients integrated end-to-end travel and expense management solutions.

“Since the year end the group has continued to trade in line with our expectations and we are confident that our proven strategy, resilient business model, robust financial position and strong pipeline of new business opportunities will enable HRG to continue to make good progress in the year ahead.”

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