REG - FDM Group plc - AGM Statement

FDM (Holdings)Announcement

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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                             Tel: +44 (0)20 3056 8240

 Mark Heather - Group Governance Director & Company Secretary
 Financial PR

                                                                    Tel: +44 (0)7850 127526

 Nick Oborne

 

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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