28th Apr 2021 10:15
(Alliance News) - IT consultant and recruiter FDM Group Holdings PLC on Wednesday said it performed "comfortably" to plan in the first quarter of 2021 as the number of its trained staff awaiting job deployment has normalised.
The majority of FDM's revenue was generated by its "Mountie" function, where it recruits, trains and deploys its own permanent IT and business consultants to customer premises.
Currently, it has 3,748 mounties placed with clients, up 4.7% from 3,580 at the end of 2020.
"Mountie utilisation rates, and the numbers of mounties who are unallocated or who have completed their training but are awaiting their first placement, have normalised," Chair David Lister will say at the company's annual general meeting.
"The group has traded comfortably in line with the board's expectations during the first quarter of 2021."
"The board is confident that the group, having responded resiliently to the recent operational and economic challenges, is well-placed to achieve its expectations for the current year and to deliver long term, sustainable growth."
Shares in the company were 1.6% higher at 1,044.00 pence each in London on Wednesday morning.
By Eric Cunha; [email protected]
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