FDM Group Regulatory News (FDM)

27 April 2017

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 2017 annual general meeting.

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

"The Group has traded in line with the Board's expectations in 2017, with total revenues for the quarter to 31 March 2017 being 46% higher than the corresponding 2016 quarter (constant currency basis 36%) and Mountie revenues for the quarter 41% higher than the comparative period (constant currency basis 31%), benefiting from the timing of Easter this year. This week Mounties deployed on client sites stands at 2,839 (corresponding week 2016: 2,291 Mounties deployed on client sites). The Group's balance sheet remains strong with significant cash balances and no debt.

The Board believes that the Group remains well placed to achieve its expectations for the remainder of the year and to continue to deliver long term, sustainable growth."

ends

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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.

· Individuals who have a background in IT and/or finance who, having taken a career break, are keen to return to their career.

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