FDM Group reports 'solid' H2; Sees FY in line
By Iain Gilbert
Date: Wednesday 29 Jan 2020
(Sharecast News) - IT recruiter FDM Group delivered a "solid performance" in the second half of 2019 and now expects its FY trading performance to be in line with expectations.
Revenues came to £272m, an increase of 11%, as FDM ended the year with 3,924, consultants, which the company calls 'Mounties', placed on client sites, a rise of 5%.
Brexit uncertainty and the British General Election contributed to a 5% fall in consultant deployment in the UK and Ireland, which offset "good progress" made in other sectors in the region.
North America closed with 1,277 Mounties deployed, an increase of 7%, while Asia-Pacific had 497 placed at year-end, up 29%, and 240 across Europe, the Middle East and Africa - an increase of 48%.
Chief executive Rod Flavell said: "FDM delivered a solid performance in 2019. 2020 has started promisingly with strong levels of activity and client demand across all geographies and we look forward to a further year of good progress."
As of 0915 GMT, FDM shares were up 1.02% at 994p
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