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FDM Group Holdings PLC on Tuesday said it is ‘well placed’ to achieve expectations as it highlighted its investment in recruitment.
The IT-focused professional services provider reported that it ended April with 4,429 consultants assigned to clients, up 18% from 3,748 the prior year.
Looking forward, the company plans to further accelerate investment into the recruitment of consultants and internal staff.
Chair David Lister said: ‘I am pleased to report that the group has enjoyed strong trading across all our regions during the early months of 2022, with high levels of demand resulting in record levels of activity.
‘While conscious of the wider geopolitical issues in the world, the board is confident that the group is well placed to achieve its expectations for the current year and to deliver long-term, sustainable growth.’
It has maintained a ‘strong’ balance sheet with £55 million of cash and no debt at the end of April, up 5.8% from £52 million year-on-year.
Shares in FDM were 0.5% lower at 967.00 pence in London on Tuesday morning.
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