HRG is trading “in line with expectations” despite its travel clients remaining “cautious” over the last few months.
The TMC gave an update on its current trading since the start of April ahead of its annual general meeting on Thursday (July 27).
“Trading conditions for HRG during the period remained unchanged from the second half of the last financial year,” said the company in a statement to investors.
“As expected, travel clients remain cautious, and we are seeing the rollover effect of client losses from the prior financial year and the slowdown of sales in the second half of last year on trading across all regions.”
“As companies increasingly look to HRG to help manage their costs effectively and maximise the value of their spend, we have continued to secure new clients.”
New clients for HRG include consulting firm Bearing Point, as well as engineering firms Sandvik and WSP.
The company, which is listed on the London Stock Exchange, added that its financial position was “robust”.
Chief executive David Radcliffe said: “I am excited by the results we have seen to date and the initial reaction from our clients and prospective clients.
“Our technology investments are now demonstrably enabling us to drive efficiency across our operations and to provide innovative solutions to our clients. We remain on track to deliver a full-year performance in line with our expectations."