FDM Group Regulatory News (FDM)

28 April 2016

FDM Group (Holdings) plc

AGM Statement

FDM Group (Holdings) plc ("FDM" or the "Group"), an international professional services provider focusing principally on information technology, today holds its 2016 annual general meeting.

Ivan Martin, Chairman, will present the following update to the meeting:

"The Group has delivered a strong operational and financial performance for the first quarter of 2016; Mounties deployed on client sites for the week commencing 28 March 2016 stood at 2,241, an increase of 563 Mounties over 2015 (week commencing 30 March 2015 1,678 Mounties deployed on client sites). Mountie revenues for the quarter to 31 March 2016 were 36.6% higher than the same quarter in 2015. Total revenues for the quarter to 31 March 2016 were 14.2% higher than the corresponding 2015 quarter as our planned reduction in non-Mountie contractor headcount continues.

The Group continues to invest to deliver long term, sustainable growth and the Board remains confident of meeting its expectations for the full year."

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About FDM

FDM is an international professional services provider with a focus on IT. Operating from offices in Europe, North America and Asia, FDM specialises in recruiting, training and deploying its own permanent IT Consultants ("Mounties") across a number of service areas including: development, testing, project management, data analysis, application support, infrastructure, business analysis and compliance. 

With a large number of blue chip clients across its operational territories, FDM meets the demands of its customers through the provision of highly-trained and geographically flexible Mounties that are employed by FDM. FDM offers a high-value, low risk proposition to both trainees and clients and looks principally to recruit:

• Graduates local to each of the territories in which it operates, typically but not exclusively training them in-territory and then placing them onto client sites within the same territory; and

• Ex-military personnel local to each of the territories in which it operates, training them as IT or business Consultants in that territory and placing them on client sites in the same territory.

FDM strongly supports the recruitment of women into the IT industry and actively encourages their advancement through their global 'Women in IT' initiative.