HRG chief puts growth down to flexible model
A flexible business model has helped HRG achieve a “strong set of results in a volatile market”, its chief executive said this week.
Chief executive David Radcliffe said adaptable technology and a partially‘virtual’ workforce have helped it to weather the economic storm.
In the six months to September, the group reported a 22% rise in underlying pre-tax profits to £18.7 million and revenue up 10% to £186.8 million.
During the period the travel management company admitted it lost some accounts but won more, including AIG, Allianz, CGI, CSL, MMG and Posten Norge
“By anybody’s measurements we have achieved a good strong set of results,” said Radcliffe.
“We know it’s a volatile market but we have enough believe in our model that we know we will achieve full-year growth and we have guaranteed that we will pay at least a 20% increase on the dividend.”
by Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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