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UK — FDM Group Plc trading up-date for the six months to 30 June

21 July 2009

The international IT services group announces today that its profit performance for the first six months is “in line with directors’ expectations despite difficult economic conditionsâ€VbCrLf

The company states that the they have experienced pressures on freelance contractor rates due to buying decisions taking longer than expected and the fact that once a decision has been made, contract durations of their in-house Mounties (in-house IT specialists) have shortened compared to 2008.


At 30th June 2009 FDM had 303 Mounties and 326 freelance contractors compared to 293 and 332 at 31st December 2088 respectively, which is lower than the directors had anticipated for the end of the half year.

On 4th June 2009 FDM Group announced that it was in discussions with its management in respect of a possible offer for the company. Further announcements will be made in due course.

 

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