I guess someone got wind of the trading update, hence the sudden surge yesterday. Nice to hear the business is on track and still delivering good growth. An office in London might help raise the group's profile in the city.
FDM Group Plc ('FDM' or the 'Company')
BOARD CHANGES AND TRADING UPDATE
14 December 2006
The Board of FDM announces that April Denney, finance director, has resigned as
an employee and stepped down from the Board of FDM with immediate effect. April
was a part of the management team which successfully floated FDM on AIM in April
2005. The Board would like to thank April for all her hard work over the last 13
years and wishes her well in her future career.
The Board has commenced the search for a new finance director and will be
appointing an interim finance manager to run the Company's finance function
until such an appointment is made. The Board will make further announcements in
due course.
The Board is pleased to report that trading during the year to 31 December 2006
has been satisfactory and that the results for the year will be in line with
expectations. The Company's gross margins have remained above industry average.
New clients have been added during the year and the numbers of contractors on
billing and FDM employed consultants (known as 'Mounties') has increased
significantly since the start of the year.
Demand for the Company's services and areas of expertise remain strong, both in
the UK and in FDM's growing overseas operations. The Board will continue to
focus on growing the Company's operations and maintaining its margins and they
are optimistic about FDM's prospects for 2007.
The Company is making progress with the setting up of a London office from which
it will be able to attract further Mountie recruits for its clients in the City
of London. Suitable premises have been identified by the Board and further
announcements will be made in due course.
Enquiries:
FDM Group Plc
Rod Flavell, Chief Executive Officer
Julian Divett, Chief Operating Officer Tel: 0870 0603100
Noble & Company Limited
Nick Naylor
Nick Athanas Tel: 0207 763 2200
Fdm stock quotes
Fdm stock charts
Follow this thread
