FDM Group H1 underpinned by high demand
By Michele Maatouk
Date: Thursday 28 Jul 2022
(Sharecast News) - Recruitment company FDM Group posted a jump in interim profit and revenue on Thursday amid high demand.
In the six months to 30 June, pre-tax profit was ahead 8% at £22.2m, with revenues up 16% at £152.8m. The dividend per share was lifted 13% to 17p.
The company hailed consistently high levels of demand for its consultants across all of its regions, resulting in record levels of activity.
North America - both the US and Canada - performed "increasingly strongly", it said, while the UK and EMEA performed well.
Chief executive Rod Flavell said: "First half training completions were a record high and recruitment continues to be strong. The performance delivered from both our Canadian and USA businesses was pleasing and I am hopeful that we can build from this stronger base.
"Given the high levels of demand, we continue with our plan of accelerating and enhancing investment in recruitment of both Consultants and internal staff, and in our other complementary development programmes.
"While mindful of wider macro-economic uncertainties, the board is confident that the group is well placed to achieve its expectations for the full year and to deliver long-term, sustainable growth."
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