Last checked at 18 Jan 2016 07:00
EMBARGOED UNTIL 18th JANUARY 2016
FDM GROUP (HOLDINGS) PLC
("FDM" or "the Company")
PERIOD END TRADING STATEMENT
FDM today announces its period end trading update for the six months to 31st December 2015, ahead of its full year results which will be released on 9th March 2016.
Group Trading in the Period
FDM and its subsidiaries (together the "Group") maintained its strong performance in the second half of 2015 and expects to deliver full-year results slightly ahead of the Board's expectations. FDM closed the year with 2,022 Mounties placed on client sites at week 52, 2015 (week 52, 2014; 1,539 Mounties placed on client sites), of which over 500 were placed in North America. This represents an increase of 31.4 per cent in the number of Mounties placed on client sites in the 12 month period.
Balance Sheet
The Group's balance sheet remains strong with no debt and healthy cash balances.
Outlook
Rod Flavell, Group CEO, commented:
"2015 has been a successful year for the Group, with record numbers of Mounties placed on client sites being achieved. We have recently opened our enlarged Glasgow premises and are fitting out our enlarged Toronto and Hong Kong premises, accelerating investment to meet strong client demand.
We enter 2016 with good momentum and I am confident that the year will see further progress for the Group."
- Ends -
For further information please contact:
FDM Group (Holdings) plc | Rod Flavell - CEO Mike McLaren - CFO | 0203 056 8240
|
Weber Shandwick (financial PR) | Nick Oborne / Tom Jenkins | 020 7067 0000 |
About FDM
FDM is an international professional services provider focusing principally on Information Technology.
The Group's main business activities involve recruiting, training and placing its own permanent IT and business consultants (known as 'Mounties') on client sites across a range of technical and business disciplines including Development, Testing, Project Management Office ('PMO'), Data and Operational Analysis, Business Analysis, Business Intelligence, Cyber Security and Production Support. A smaller and declining proportion of the Group's business is to supply contractors to customers, in order to supplement its own Mounties' skill sets or to provide greater experience where required. The Group has Mounties placed in the UK, Ireland, France, Germany, Switzerland, Austria, USA, Canada, Hong Kong, Singapore, China and South Africa.
With a large number of blue chip clients across its operational territories, the Group has training academies and sales operations in dedicated facilities located in London, Leeds, Glasgow, Frankfurt, New York, Toronto, Hong Kong and Singapore and serves its other operational territories remotely from these locations as appropriate. FDM has established partnerships and relationships with key universities in order to continue creating and inspiring exciting careers.
FDM is a strong advocate of diversity in the workplace. The Group's workforce is made up of around 60 nationalities. The Group encourages and supports the recruitment of women into the IT industry, promoting their advancement through the "FDM Women in IT" initiative. The Group also actively recruits ex-Forces personnel in both the UK and USA.