16th Feb 2016 08:08
LONDON (Alliance News) - Corporate services provider Hogg Robinson Group PLC on Tuesday said trading in the second half of its financial year has been in line with its expectations and it anticipates meeting market forecasts for the full year.
For the four months to the end of January, revenue in constant currencies was broadly unchanged year-on-year, the company said, with its trading environment broadly similar in the second half to the first. The North American market has continued to show some momentum, it said, while some of its European operations have exhibited some softness.
"We are pleased to report that our good first-half performance has continued and we remain on track to report a full-year growth performance in line with expectations. Against the backdrop of a changing market, we remain focused on executing against our strategy of growing our software-as-a-service business, Fraedom, and ensuring that we deliver excellent service to our travel clients," said Chief Executive David Radcliffe.
Hogg shares were untraded on Tuesday morning, having last traded at 66.50 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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