FDM Group (Holdings) plc AGM Statement (5134M)

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RNS Number : 5134M

FDM Group (Holdings) plc

24 May 2022

24 May 2022

FDM Group (Holdings) plc

("FDM Group" or "the Group")

AGM Statement

FDM Group, a global professional services provider with a focus on Information Technology, today holds its 2022 Annual General Meeting.

David Lister, Chair of the Board, will present the following update to the meeting:

"I am pleased to report that the Group has enjoyed strong trading across all our regions during the early months of 2022, with high levels of demand resulting in record levels of activity.

We closed April 2022 with 4,429 Consultants assigned to clients (31 December 2021: 4,033 Consultants assigned to clients; 28 April 2021: 3,748 Consultants assigned to clients). Recruitment continues to be strong and in-training numbers are at an all-time high.

Given the levels of demand, we are further accelerating and enhancing our investment in recruitment of both Consultants and internal staff, and in other development programmes, to provide additional support for anticipated future levels of growth.

The Group's balance sheet remains strong with GBP55 million of cash and no debt at 30 April 2022 (30 April 2021: GBP52 million of cash and no debt).

While conscious of the wider geopolitical issues in the world, the Board is confident that the Group is well placed to achieve its expectations for the current year and to deliver long-term, sustainable growth."

This announcement may contain statements which constitute 'forward-looking statements'. Although FDM Group believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Because these statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements.

ENDS

For further information, please contact:

 
FDM Group 
 Rod Flavell - Chief Executive 
 Mike McLaren - Chief Financial Officer                           Tel: [phone] 
 Mark Heather - Company Secretary & Head of Investor Relations 
 Nick Oborne (Financial Public Relations)                         Tel: [phone] 
 

About FDM

FDM Group is a global professional services provider with a focus on IT. Our mission is to bring 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" or "consultants") to clients, either on site or remotely. FDM specialises in a range of technical and business disciplines including Development, Testing, IT Service Management, Project Management Office, Data Engineering, Cloud Computing, 'Risk, Regulation and Compliance', Business Analysis, Business Intelligence, Cyber Security, AI ("Artificial Intelligence"), Machine Learning and Robotic Process Automation.

The FDM Careers Programme bridges the gap for graduates, ex-Forces, returners and apprentices to work, providing the training and experience required to make a success of launching or re-launching their careers. We have dedicated training centres and sales operations located in London, Leeds, Glasgow, New York NY, Arlington VA, Charlotte NC, Austin TX, Toronto, Frankfurt, Singapore, Hong Kong, Shanghai and Sydney. We also operate in Ireland, Luxembourg, the Netherlands, Poland, Switzerland, Austria, Spain, South Africa and New Zealand.

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May 24, 2022 02:00 ET (06:00 GMT)