AGM Statement

FDM (Holdings)

21/05/2026 07:00

RNS Number : 1710F

FDM Group (Holdings) plc

21 May 2026

 

21 May 2026

 

FDM GROUP (HOLDINGS) PLC ("FDM", "THE GROUP", "FDM GROUP")

 

ANNUAL GENERAL MEETING STATEMENT

 

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

 

Alan Kinnear, Chair of the Board, will present the following update to the meeting:

 

"Trading and Balance Sheet

 

We reported in our Preliminary Results announcement on 18 March 2026 that we were seeing encouraging signs, and experiencing a modest uptick in trading levels, in some of our markets. This has continued at similar levels over the last two months, and trading for the first four months of the year has been in line with the Board's expectations. 

 

At 30 April 2026 the Group had 1,961 Consultants assigned with clients (31 December 2025: 2,003; 30 April 2025: 2,366).

 

Our client-focussed AI initiatives are showing promise and generating positive levels of client engagement, and we are well positioned to deliver AI-centric solutions for our clients now and as they evolve their AI adoption strategies.

 

The Board continues to act with prudence in respect of the variables over which it has control, while ensuring that the Group maintains the appropriate levels of resource and capacity to meet clients' needs, as and when demand improves.

 

The Group's balance sheet remains robust with cash balances at 30 April 2026 of £30 million (30 April 2025: £42 million). The Group has no debt and cash conversion remains strong.

 

Outlook

 

FDM remains an agile, lean and well-capitalized business with a highly experienced Board of Directors and a wide portfolio of clients across many sectors and geographies. While the Board remains mindful of current macroeconomic and political uncertainties, encouraging indicators continue to show in a number of our operating regions and FDM is well placed to deliver improved performance as soon as market conditions permit."

 

ENDS

 

For further information, please contact:

 

FDM Group
Rod Flavell - Chief Executive Officer
Mike McLaren - Chief Financial Officer
Mark Heather - Group Governance Director & Company Secretary
Tel: +44 (0)20 3056 8240
Financial PR
Nick Oborne
Tel: +44 (0)7850 127526

 

Forward-Looking Statements

This trading update may contain statements which constitute 'forward-looking statements'. Although the 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.  Subject to any requirement under the Disclosure Guidance and Transparency Rules or other applicable legislation, regulation or rules, the Group does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.  Neither shareholders nor prospective shareholders should place undue reliance on forward-looking statements, which speak only as of the date of this Trading Update.

 

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  END

 

 
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