Hogg Robinson Group Regulatory News (HRG)

24 July 2015

Hogg Robinson Group plc

('the Company' or 'the Group')

INTERIM MANAGEMENT STATEMENT

Trading in line with expectations

Ahead of today's Annual General Meeting, Hogg Robinson Group plc, the international corporate services company, announces its first Interim Management Statement for the year ending 31 March 2016, covering the period from 1 April 2015 to date.

Current trading and outlook

Hogg Robinson Group has traded in line with our expectations during the period since the year end. The Board believes the Company will continue to show good progress and deliver a full-year performance in line with market expectations.

For the three months to 30 June 2015, revenue was unchanged at constant currency compared to the prior year and down 3% on reported. While client travel activity was 4% higher, client travel spend was 1% lower year-on-year at constant currency and down 5% on reported, reflecting our ongoing work to help clients save money and maximise the value of their travel-related expenditure.

Market conditions during the current financial year to date have remained similar to those seen in the second half of last financial year, with ongoing recovery in the UK and North America travel markets, while conditions in Continental Europe and Asia have remained generally weak.

We are continuing to restructure our business and align our cost base as appropriate to grow profits while ensuring that we continue to deliver excellent service to our existing clients at all times. Our pipeline of new business opportunities remains strong and we see ample scope to grow our business profitably around the world.

David Radcliffe, Chief Executive of Hogg Robinson Group plc, commented:

"We have made a good start to the year and continue to make progress in delivering our strategic priorities. We continue to deliver excellent service to our existing clients whilst our pipeline of new business opportunities remains strong. We expect market conditions to remain similar for the remainder of the year and anticipate a full-year performance in line with market expectations."

Financial position

The Company's financial position remains robust and cash generation across the Group has remained strong through the period.

There have been no material adverse events or transactions that have impacted the Company's financial position since 31 March 2015 save for the information provided in this statement.

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Enquiries:

Notes to Editors

Hogg Robinson Group plc is the award-winning international corporate services company. Established in 1845 and headquartered in Basingstoke, Hampshire, UK, the Company specialises in travel, expense and data management underpinned by proprietary technology. With a worldwide network that comprises over 120 countries, the Company provides unparalleled global expertise and local knowledge in Europe, North America, Asia Pacific, Africa, Latin America and MEWA. Read the latest Company news and search our archives.

www.hoggrobinson.com

Forward-looking statements

This announcement may contain forward-looking statements with respect to certain of the plans and current goals and expectations relating to the future financial conditions, business performance and results of Hogg Robinson Group plc. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that are beyond the control of the Company, including amongst other things, the Company's future profitability, competition with the markets in which the Company operates and its ability to retain existing clients and win new clients, changes in economic conditions generally or in the travel and airline sectors, terrorist and geopolitical events, legislative and regulatory changes, the ability of its owned and licensed technology to continue to service developing demands, changes in taxation regimes, exchange rate fluctuations, and volatility in the Company's share price. As a result, the Company's actual future financial condition, business performance and results may differ materially from the plans, goals and expectations expressed or implied in these forward-looking statements. The Company undertakes no obligation to publicly update or revise forward-looking statements, except as may be required by applicable law and regulation (including the Listing Rules). No statement in this announcement is intended to be a profit forecast or be relied upon as a guide to future performance.

The release, publication, transmission or distribution of this announcement in, into or from jurisdictions other than the United Kingdom may be restricted by laws and therefore persons in such jurisdictions into which this announcement is release, published, transmitted or distributed should inform themselves about and observe such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of such jurisdiction.