FDM sees record levels of activity amid high demand

Recruitment company FDM Group said on Tuesday that it has experienced "strong" trading across all its regions so far in 2022, with high levels of demand resulting in record levels of activity.

FDM stated it had closed April 2022 with 4,429 consultants assigned to clients, up from 3,748 a year earlier, as recruitment continued to be solid and in-training numbers were at an all-time high.

The FTSE 250-listed firm highlighted that given the levels of demand, it was now further accelerating and enhancing its investment in the recruitment of both consultants and internal staff, as well as in other development programmes, in order to provide additional support for anticipated future levels of growth.

FDM's balance sheet sat at £55.0m in cash and no debt on 30 April, slightly higher than the £52.0m of cash and no debt reported at the same time a year earlier.

"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," said chairman David Lister.

As of 0820 BST, FDM shares were down 0.72% at 965.0p.

Reporting by Iain Gilbert at Sharecast.com