FDM has had a strong start to 2016 with very solid Q1 trading. Growth in Mountie headcount in the quarter was ahead of track for both consensus and our estimates, and led to a significant increase in revenue YoY. However positive our outlook on FDM’s prospects, amidst sustained concerns over the global macro backdrop, and with customers potentially worried over Brexit, we leave our forecasts unchanged at this early stage in the year. We upgrade our Target Price from 595p to 625p to refl
28 Apr 2016
AGM & Q1 trading update
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AGM & Q1 trading update
FDM Group (Holdings) plc (FDM:LON) | 336 -37 (-3.2%) | Mkt Cap: 368.3m
- Published:
28 Apr 2016 -
Author:
Gareth Evans -
Pages:
2
FDM has had a strong start to 2016 with very solid Q1 trading. Growth in Mountie headcount in the quarter was ahead of track for both consensus and our estimates, and led to a significant increase in revenue YoY. However positive our outlook on FDM’s prospects, amidst sustained concerns over the global macro backdrop, and with customers potentially worried over Brexit, we leave our forecasts unchanged at this early stage in the year. We upgrade our Target Price from 595p to 625p to refl