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Hogg Robinson client revenues up 6% in first quarter

By BFN News | 02:55 PM | Monday 26 July, 2010


Corporate travel firm Hogg Robinson is performing well with client revenue 6% up on last year on a constant currency basis. The firm said that when coupled with lower operating costs, this has produced a strong result for the first quarter. Hogg Robinson says it continues to manage its cost base carefully and will benefit from increased operational gearing as activity increases. The firm says: "While we have seen some early evidence from selected clients of a return to premium travel, the majority continue to seek help from us in tightly controlling their travel costs. "However, compared to last year, client travel spend in the first quarter was up by 19% at constant currency." The majority of earnings have traditionally come in the second half and the board believes the group will continue to progress and deliver a full-year performance in line with its expectations. Story provided by StockMarketWire.com

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