FDM Group (Holdings) PLC

FDM

Equity

ISIN GB00BLWDVP51 / Valor 24732036

LSE London Stock Exchange, SETS (2024-11-21)

GBP 3.15%

FDM Group (Holdings) PLC
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About company

FDM Group (Holdings) PLC is a company that specializes in providing IT and software services. With a focus on sales and recruitment, the company aims to expand its services in line with client demands. The company also places a strong emphasis on graduate recruitment, training, and development programs to ensure a skilled workforce. With experienced leadership in the financial services and technology industries, FDM Group aims to continue growing and evolving in the IT services sector.

Summarized from source with an LLMView SourceSector: Technology

Revenue Decline

FDM Group (Holdings) PLC reported a revenue decrease of 22% for the first half of 2024, amounting to £140.2 million compared to £179.9 million in the same period of 2023. This decline reflects the ongoing challenging market conditions that the company has been navigating.

Profit Before Tax

For the six months ended 30 June 2024, FDM Group (Holdings) PLC's profit before tax fell by 48% to £15.5 million, down from £29.8 million in the corresponding period of the previous year. This significant drop underscores the impact of the softer trading conditions on the company's profitability.

Interim Dividend

The Board of FDM Group (Holdings) PLC declared an interim dividend of 10.0 pence per ordinary share for the first half of 2024, which is a 41% reduction from the 17.0 pence per share declared in the same period of 2023. The dividend will be payable on 1 November 2024 to shareholders on the register as of 11 October 2024.

Cash Position

As of 30 June 2024, FDM Group (Holdings) PLC maintained a robust balance sheet with a cash position of £36.9 million, slightly down from £38.1 million at the end of June 2023. The company reported a cash conversion rate of 104% for the first half of 2024, indicating strong operational cash flow management.

Consultant Utilisation Rate

FDM Group (Holdings) PLC's consultant utilisation rate decreased to 91.5% for the six months ended 30 June 2024, compared to 93.4% in the same period of 2023. This decline reflects the company's efforts to align available resources with market demand amidst challenging conditions.

Summarized from source with an LLMView Source

Key figures

-22.1%1Y

-74.1%3Y

-62.9%5Y

Performance

43.8%1Y

36.2%3Y

38.6%5Y

Volatility