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FDM Group Holdings PLC on Wednesday lifted its annual dividend after both revenue and profit rose in 2022 and it said it is confident for 2023. FDM is a provider of IT services. It recruits, trains and deploys its own permanent IT and business consultants, known as ‘mounties’. Pretax profit rose by 10% to £45.7 million in 2022 from £41.4 million in 2021, as operating profit rose to £45.8 million from £42.0 million a year earlier. Basic earnings per share was 32.0 pence, up 10% from 29.1p. Revenue was £330.0 million, up 23% from £267.4 million in 2021. The company noted strong levels of trading from all principal regions and high levels of client demand. Chief Executive Officer Rod Flavell said: ‘We delivered a good performance in 2022, with strong growth in consultant numbers and accelerated investment in recruitment, training and other programmes that will help to underpin the future of the group. The early months of 2023 have seen continued macro-economic uncertainty in many of the regions in which we operate. Against this background, I am pleased that we continue to see encouraging levels of client engagement and that we continue our client-led expansion with the recent openings of offices in Tampa, Florida; Melbourne, Australia; and Limerick, Ireland.’ FDM declared a total dividend of 36.0 pence per share, up 9.0% from 33.0p a year prior. Looking ahead, FDM said 2023 started positively, with encouraging levels of client engagement against uncertain macroeconomic backdrop. Shares were down 7.5% at 790.00 pence each on Wednesday morning in London. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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