Hogg Robinson says it is flying high
Travel services firm Hogg Robinson reported brisk trading in its interim management statement yesterday.
It said sales were up six per cent on 2009 levels for its first three months of the financial year.
Improving market conditions, aided by the calming of the Icelandic volcano, helped the results.
It added it has lowered its operating costs to produce a “strong result” for the quarter.
The average client’s travel spend spiked 19 per cent and it expects further gains from new corporate clients including Ernst & Young, Novartis, SGS and Volkswagen.
It now expects its full-year results to be in line with expectations as the majority of its revenue is gained in the second half.