Hogg Robinson Group plc announced second Interim Management Statement for the period from October 1, 2012 to date. For the four months to end January, revenue declined by 7% (down 6% at constant currency) versus the prior year. The Group's financial position remains robust. Net debt rose year-on-year, as expected. At January 31, 2013, net debt was approximately £9 million higher than at the same date last year, principally due to acquisitions made, including the purchase of the remaining interest in Spendvision against £10 million a year ago. The Board expects that it will continue to show resilience and deliver a full-year performance broadly in line with market expectations.

The ACTIVE Network Inc. announced a preferred relationship with Hogg Robinson Group plc (HRG). The agreement calls for HRG Meetings Manager, which is powered by ACTIVE Network, StarCite, to be used to allow global sourcing of meeting venues and other meeting-related services, a single view of meetings spend, and greater control over an organization's meetings to help minimize costs and reduce risk. Phased roll-out will begin across more of the HRG worldwide network in Europe, North America and Asia Pacific, followed by Africa, Latin America and the Middle East.

Hogg Robinson Group plc reported unaudited consolidated earnings results for the six months ended September 30, 2012. For the period, the company reported revenue of £168.9 million, EBITDA of £28.2 million, operating profit of £20.7 million, profit before tax of £15.3 million, profit of £11 million as compared to revenue of £186.8 million, EBITDA of £28.7 million, operating profit of £21.3 million, profit before tax of £16.6 million, profit of £11.6 million for the same period prior year. Capital expenditures were £4.8 million as compared to £5.3 million for the same period prior year. Free cash flow was £27 million as compared to £0.7 million for the same period prior year. Net cash outflow from operating activities were £21.5 million as compared to net cash inflow of from operating activities of £4.4 million for the same period prior year. Underlying operating profit was £22.7 million as compare to £23.4 million for the same period prior year. Profit attributable to equity shareholders of the company was £10.5 million or 3.2 pence per diluted share as compared to £10.8 million of 3.4 pence per diluted share for the same period prior year. Net debt was £100.5 million as compared to £68.9 million for the same period prior year. The Directors have declared an interim dividend in respect of the six months ended 30 September 2012 of 0.6 pence payable on 3 January 2013 to shareholders who are on the register at 7 December 2012. The company expects to deliver fiscal 2013 full-year performance broadly in line with current market. The company anticipates that full year net debt will be lower than the current position due to the normal seasonality of cash flows, in particular lower dividend and PBT purchases.