29th Jan 2020 09:23
(Alliance News) - FDM Group Holdings PLC said Wednesday it expects to report a 2019 performance in line with expectations, following growth in revenue.
For the year, the FTSE 250-listed IT consultant and recruiter reported revenue of GBP272 million, up 11% from GBP245 million the year before. On a constant currency basis, revenue grew by 12%.
As at December 31, FDM had 3,924 Mounties - the company's IT and business consultants - placed on business sites, up 5% year-on-year from 3,747.
FDM reported a rise in Mounties in all regions except for the UK & Ireland, where the number decreased by 5% to 1,910. This was on reduced demand from government departments amid Brexit uncertainty and political leadership changes.
Elsewhere, North America saw a 7% rise in Mounties to 1,277, Asia-Pacific by 29% to 497 and Europe, Middle East & Africa by 48% to 240.
"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," said Chief Executive Officer Rod Flavell.
FDM will publish its full-year results on March 11.
Shares in FDM - which is based in London - were up 1.4% at 998.00 pence on Wednesday.
By Dayo Laniyan; [email protected]
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