FDM Group (Holdings) plc AGM Statement (1549M)
April 26 2018 - 2:00AM
UK Regulatory
TIDMFDM
RNS Number : 1549M
FDM Group (Holdings) plc
26 April 2018
26 April 2018
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 2018 annual general
meeting.
Ivan Martin, Chairman, will present the following update to the
meeting:
"Group trading in the first quarter of 2018 has been in line
with the Board's expectations and reflects the expected and planned
improvement in the quality of the Group's income, with a reduction
in lower margin contractor revenues and increased higher margin
Mountie revenues. Mountie revenues for the quarter to 31 March 2018
were 13% higher than the corresponding 2017 quarter (constant
currency basis 17%) and total revenues for the quarter are down 1%
from the corresponding 2017 quarter (constant currency up 3%). At
the start of this week Mounties deployed on client sites stood at
3,310 (corresponding week 2017: 2,826 Mounties deployed on client
sites). The Group's balance sheet remains strong with significant
cash balances and no debt.
During the early part of the year we have seen good client
engagement across our operating locations and the Board is
confident that 2018 will see the Group deliver against its
operational and financial targets."
NOTE: In 2018 the Good Friday public holiday fell within the
quarter whilst in 2017 both Good Friday and Easter Monday fell
outside of the quarter.
This announcement contains inside information that qualified, or
may have qualified, as inside information for the purposes of
Article 17 of the Market Abuse Regulation (EU) 596/2014 (MAR).
ends
For further information please contact:
FDM Group (Holdings) Rod Flavell - CEO 020 7067 0000 (today)
plc
Mike McLaren - CFO 0203 056 8240 (thereafter)
Weber Shandwick Nick Oborne 020 7067 0000
About FDM
FDM is a global professional services provider with a focus on
IT. FDM brings people and technology together; creating and
inspiring exciting careers that shape our digital future.
The Group's principal business activities involve employing,
training and placing 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 and Cyber Security.
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 and Hong Kong. FDM also operates in China,
Ireland, France, Switzerland, Austria, Denmark, Spain, Australia
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 Group became an early adopter of the UK's Gender Pay Gap
reporting policy, being the sixth company in the UK to release its
figures and reporting a median pay gap of 0%. FDM was featured as
one of the Best Employers for Race by Business in the Community and
in the first Social Mobility Employer Index by the Social Mobility
Foundation and Social Mobility Commission in 2017. FDM was also
recognised as Company of the Year at the TechWomen50 Awards
2017.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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