Hogg Robinson Group: Continuing To Deliver On Key Initiatives
Edison | Feb 18, 2016 08:28AM ET
Confirmation of second-half trading resilience should not surprise as Hogg Robinson Group Plc (L:HRG) proved its mettle in the recession thanks to its predominantly managed income and strict cost control. Management is continuing to deliver on key initiatives despite market pressures, notably growth in managed travel and software-as-a-service (Fraedom) as well as restructuring and cash generation. The company is securely funded and committed to a progressive dividend policy (FY16e cover of 2.8x).
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