HRG’s performance has been helped by an increase in travel and spending by clients over the last three months.
The business travel group said that revenue rose by 4 per cent during the three months to the end of June, compared to the same period in 2012.
“Client travel activity was higher by 7 per cent and client spend up by 6 per cent year-on-year, as we continued to help our clients maximise the value of their travel-related expenditure while delivering incremental cost savings to them,” said HRG in an interim management statement
HRG added that it was trading “in line with our expectations” for the first quarter of its financial year, which runs to March 2014.
“Although we expect trading conditions in our industry to remain challenging, the board believes HRG will continue to show good progress and deliver a full-year performance in line with market expectations,” the company added.
“HRG's financial position remains robust and cash generation across the Group has remained strong through the period.”