FDM Group (Holdings) (FDM)

Sector:

IT Services

Index:

FTSE 250

784.00p
   
  • Change Today:
      17.00p
  • 52 Week High: 1,000.00
  • 52 Week Low: 734.00
  • Currency: UK Pounds
  • Shares Issued: 109.14m
  • Volume: 135,579
  • Market Cap: £855.65m

FDM Group's growth on track despite challenging conditions

By Duncan Ferris

Date: Tuesday 23 Jul 2019

LONDON (ShareCast) - (Sharecast News) - FDM Group on Tuesday reported growth in line with expectations as interim revenues jumped despite challenging conditions in the UK and North America.
The graduate training and recruitment firm reported revenue of £134.4m for the six months ended 30 June, up 14% compared to the same period last year. Revenue from its employees, affectionately referred to as mounties, increased by 16% to £132.6m to offset a continued decline in non-core revenue from contractors.

FDM said a strategic shift in focus towards its own employees enabled the company to improve gross margin from 43% to 49%. Meanwhile, pre-tax profit increased by 9% to £24.9m and FDM hiked its interim dividend by 10% to 16p per share.

However, the second quarter saw a reduction in demand from the UK as government clients continue to struggle with a lack of clarity in the Brexit process and the Conservative leadership contest. North America also saw reduced demand in financial services.

Even so, both regions enjoyed improvements to operating profit and had more mounties in place at the end of the half than at the same point 12 months earlier, with a 9% increase in the UK and a 17% rise in North America.

Chief executive Rod Flavell said: "We continue to be successful in diversifying our activities and client base across an increasing range of geographies, technologies and industry sectors. We have a strong financial position and are well placed to evolve our investment plans for each of the geographic markets in which we operate in line with local market conditions. We remain confident in both the outturn for the full year and continued progress thereafter."

At 0848 BST, the shares were down 1.56% at 882.00p.

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FDM Market Data

Currency UK Pounds
Share Price 784.00p
Change Today 17.00p
% Change 2.22 %
52 Week High 1,000.00
52 Week Low 734.00
Volume 135,579
Shares Issued 109.14m
Market Cap £855.65m

FDM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.25% below the market average89.25% below the market average89.25% below the market average89.25% below the market average89.25% below the market average
58% below the sector average58% below the sector average58% below the sector average58% below the sector average58% below the sector average
Price Trend
51.1% below the market average51.1% below the market average51.1% below the market average51.1% below the market average51.1% below the market average
41.28% below the sector average41.28% below the sector average41.28% below the sector average41.28% below the sector average41.28% below the sector average
Income
34.64% above the market average34.64% above the market average34.64% above the market average34.64% above the market average34.64% above the market average
85.37% above the sector average85.37% above the sector average85.37% above the sector average85.37% above the sector average85.37% above the sector average
Growth
35.10% above the market average35.10% above the market average35.10% above the market average35.10% above the market average35.10% above the market average
1.92% below the sector average1.92% below the sector average1.92% below the sector average1.92% below the sector average1.92% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FDM Dividends

  Latest Previous
  Interim Final
Ex-Div 22-Aug-19 23-May-19
Paid 20-Sep-19 14-Jun-19
Amount 16.00p 15.50p

Trades for 20-Sep-2019

Time Volume / Share Price
16:48 70 @ 784.00p
16:42 400 @ 768.83p
16:42 400 @ 768.83p
16:42 400 @ 767.34p
16:42 400 @ 767.34p

FDM Key Personnel

COO Sheila Flavell
CEO Roderick (Rod) Flavell
CFO Michael (Mike) McLaren

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