FDM Group (Holdings) plc Period End Trading Statement (6673N)
January 22 2019 - 1:00AM
UK Regulatory
TIDMFDM
RNS Number : 6673N
FDM Group (Holdings) plc
22 January 2019
22 January 2019
FDM GROUP (HOLDINGS) PLC
("FDM" or "THE GROUP")
PERIOD END TRADING STATEMENT
FDM today announces its trading update for the period to 31st
December 2018, ahead of its full year results, which will be
released on 6th March 2019.
Group Trading in the Period and Closing Balance Sheet
FDM delivered a good operational performance in the second half
of 2018 and the Board expects the Group's financial performance for
the year to 31st December 2018 to be in line with its
expectations.
The Group closed the year with 3,747 Mounties placed on client
sites (2017: 3,170), representing an increase of 18%.
Total revenues for the year to 31st December 2018 were GBP245
million (2017: GBP233 million), an increase of 5%, whilst Mountie
revenues were GBP239 million (2017: GBP207 million), an increase of
15% on a reported basis and 17% on a constant currency basis.
The UK and Ireland closed 2018 with 2,004 Mounties deployed
(2017: 1,744), an increase of 15%, North America closed with 1,196
Mounties deployed (2017: 965), an increase of 24%, APAC with 385
Mounties deployed (2017: 306), an increase of 26% and EMEA with 162
Mounties deployed (2017: 155), an increase of 5%.
The Group's balance sheet remains strong with significant cash
balances and no debt.
Outlook
Rod Flavell, Group CEO, commented:
"Throughout 2018 the Group has continued to invest in its
people, training facilities and technology to sustain the future
growth of the business.
Market demand in all of our operating territories remains strong
and we enter the current year with good momentum, including record
levels of client engagement and demand. I anticipate that 2019 will
be another year in which we deliver good operational and financial
performance."
This announcement contains inside information and is subject to
the completion of FDM's 2018 formal audit process.
ENDS
Enquiries:
For further information:
Rod Flavell - CEO 020 3056 8240
Mike McLaren - CFO 020 3056 8240
Mark Heather - Company Secretary 020 3056 8240
Nick Oborne - Financial Public
Relations 07850 127526
About FDM
FDM is a global professional services provider with a focus on
Information Technology ("IT"). FDM brings people and technology
together; creating and inspiring exciting careers that shape our
digital future.
The Group's principal business activities involve recruiting,
training and deploying its own permanent IT and business
consultants (Mounties) at client sites. The Group also supplies
contractors to clients, either to supplement its own employed
consultants' skill sets or to provide additional experience where
required. FDM specialises in a range of technical and business
disciplines including Development, Testing, IT Service Management,
Project Management Office, Data Services, Business Analysis,
Business Intelligence, Cyber Security and Robotic Process
Automation.
The FDM Careers Programme bridges the gap for graduates,
ex-Forces and returners to work, providing them with the training
and experience required to successfully launch or re-launch their
career. FDM has dedicated training centres and sales operations
located in London, Leeds, Glasgow, New York, Virginia, Toronto,
Frankfurt, Singapore, Hong Kong and Sydney. FDM also operates in
Ireland, France, Switzerland, Austria, Denmark, Spain, Luxembourg,
China and South Africa.
FDM is a strong advocate of diversity and inclusion in the
workplace, with over 75 nationalities working together as a team.
The UK business' Gender Pay Gap Report 2018 showed a median pay gap
of 0.0%, for the second consecutive year.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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