RNS Number:8333T
FDM Group PLC
07 May 2008
Embargoed for release at 7.00am
7 May 2008
FDM Group plc
("FDM" or the "Company")
AGM Statement
FDM (LSE: FDMG), the IT services business, is today holding its annual general
meeting at 10.30 am in Brighton. At the meeting FDM's Chairman, Ivan Martin,
will make the following statement:
"Trading during the first four months of the current year has been in line with
our expectations. We have witnessed some slowing in demand for low margin
freelance contractors, due we believe to general economic conditions, but this
has been more than matched by continued strong demand for our in-house Mountie
resources.
Since our preliminary results were released on 11 March 2008 we have announced
the signing of a training contract with EADS. Under this contract FDM will, as
a consortium member, provide a complete training solution for the Fire and
Rescue Control project which impacts all the Fire and Rescue Services within
England. The contract is worth approximately #2.0 million for the initial
course development, with a potential value of up to #6.0 million, depending on
training delivery options undertaken, over an initial three year period. The
contract has commenced and the Board believes it shows FDM's ability to develop
business opportunities outside the financial services sector.
The Board continues to expect further progress through 2008. The number of
Mounties we are currently training is increasing as we expand our London and
Manchester Academies."
For further information please contact:
FDM Group Plc Noble & Company Limited
Tel: 0870 060 3100 Tel: 020 7763 2200
Rod Flavell, Chief Executive Officer Nick Naylor
David Templeman, Group Finance Director Nick Athanas
Notes to Editors
About FDM Group Plc
FDM Group Plc (LSE AIM: FDMG) is a global IT services company specialising in
consulting and training solutions. Founded in 1984, with its HQ in the UK and a
further five international offices, in 2007 FDM had over 350 employees and
revenues of #50m. The company works with over 200 blue-chip clients including
BA, the BBC, Fidelity, AA, Sybase and Reuters. Over tow-thirds of FDM's
employees are IT consultants who have been trained as Developers in the Sun
Microsystems Java, Microsoft C#. Net toolsets, or who have joined the Finance
Analyst or Test Analyst streams.
This information is provided by RNS
The company news service from the London Stock Exchange
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