REG - FDM Group plc - Annual General Meeting Statement

FDM (Holdings)Announcement

20/05/2025 07:00

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RNS Number : 2951J  FDM Group (Holdings) plc  20 May 2025

 

20 May 2025

 

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.

 

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

 

"Group Trading in the Period and Balance Sheet

 

Trading in the first quarter of 2025 was in line with the Board's
expectations.

 

We reported in our Preliminary Results announcement on 19 March 2025 that,
while trading in the early part of 2025 had been encouraging, the Board
considered it too early to increase investment in recruitment for a recovering
market. Since then, global macroeconomic and geopolitical uncertainty has
continued, together with hesitancy amongst some of our customers as they await
clarity over USA economic policy.

 

At 30 April 2025 the Group had 2,366 Consultants assigned with clients (31
December 2024: 2,578. 30 April 2024 3,543).

 

The Board continues with its strategy of prudence across its fixed costs base,
consultant recruitment volumes and discretionary expenditure while maintaining
appropriate levels of resource and capacity to meet clients' needs promptly in
current market conditions and when they improve.

 

The Group's balance sheet remains robust with cash balances at 30 April 2025
of £42 million (30 April 2024: £46 million).  The Group has no debt.

 

Outlook

 

FDM is an agile, lean and well-capitalized business with a highly experienced
Board of Directors and a wide portfolio of clients covered by FDM offices
around the world. We continue to see bright spots in certain industries and
geographies and remain confident that the Group is well positioned to return
to growth once market conditions allow."

 

ENDS

 

Inside Information and Forward-Looking Statements

This Interim Report contains information that qualified, or may have
qualified, as inside information for the purposes of Article 17 of the Market
Abuse Regulations (EU) 596/2014 (MAR). This announcement may also 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.

 

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

 Nick Oborne                                                        Tel: +44 (0)7850 127526

 

 

 

 

 

 

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