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FDM Group (Holdings) ( (GB:FDM) ) has issued an announcement.
FDM Group reported a resilient performance for the year ending December 31, 2024, despite challenging market conditions. The company’s revenue is expected to decrease by 23% from the previous year, and the number of consultants placed with clients also declined. FDM Group has maintained a strong balance sheet with no debt and a cash conversion rate of 120%. However, due to ongoing market uncertainties, the company anticipates that its financial performance for 2025 may fall short of prior expectations, although it remains confident in its capacity for growth once market conditions improve.
More about FDM Group (Holdings)
FDM Group (Holdings) plc is a global professional services provider focusing on Information Technology. The company specializes in recruiting, training, and placing consultants with clients across various sectors, aiming to address the evolving needs of the IT industry.
YTD Price Performance: -11.90%
Average Trading Volume: 178,094
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £300.8M
For detailed information about FDM stock, go to TipRanks’ Stock Analysis page.
