FDM Group Faces Challenging 2024 with Strategic Adjustments

An announcement from FDM Group (Holdings) ( (GB:FDM) ) is now available.

FDM Group reported a challenging financial year in 2024, with a 23% decrease in revenue and a 49% drop in profit before tax compared to 2023. Despite the tough market conditions, the company maintained a strong balance sheet with no debt and a cash position of £40.6 million. The company launched a new FDM Practices methodology to better meet client needs and secured 52 new clients globally. FDM remains focused on managing costs and aligning resources with market demand, positioning itself to benefit from future market recovery.

More about FDM Group (Holdings)

FDM Group (Holdings) plc is a global professional services provider with a focus on IT consultancy. The company specializes in powering the people behind technology and innovation, helping clients stay ahead of tech trends in a rapidly changing world.

YTD Price Performance: -29.52%

Average Trading Volume: 368,714

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £242.4M

For detailed information about FDM stock, go to TipRanks’ Stock Analysis page.