FDM’s AGM statement shows trading in Q1 2017 has continued to be strong with group revenues increasing by an impressive 46% YoY. Mountie numbers are tracking well towards our full-year target, although growth is required to be at a fractionally faster pace for the remainder of the year. Management has stated that it remains well placed to achieve 2017 expectations; we reiterate our Buy recommendation and 850p target price.
27 Apr 2017
Robust AGM statement
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Robust AGM statement
FDM Group (Holdings) plc (FDM:LON) | 395 -47.4 (-3.0%) | Mkt Cap: 433.3m
- Published:
27 Apr 2017 -
Author:
Gareth Evans -
Pages:
2
FDM’s AGM statement shows trading in Q1 2017 has continued to be strong with group revenues increasing by an impressive 46% YoY. Mountie numbers are tracking well towards our full-year target, although growth is required to be at a fractionally faster pace for the remainder of the year. Management has stated that it remains well placed to achieve 2017 expectations; we reiterate our Buy recommendation and 850p target price.