FDM has delivered a very strong 2017, in line with the January trading update. The group is demonstrating exceptionally robust growth in the UK – which just a year ago felt pressured – and continues to sow the seeds for long term success in North America and Asia. Cash generation remains strong, and the group has surprised on the upside with a material boost to the dividend. We make modest upgrades to 2018 (and later) forecasts, and increase our dividend expectations materially. W
07 Mar 2018
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FDM Group (Holdings) plc (FDM:LON) | 334 -5 (-0.5%) | Mkt Cap: 365.9m
- Published:
07 Mar 2018 -
Author:
Gareth Evans -
Pages:
6
FDM has delivered a very strong 2017, in line with the January trading update. The group is demonstrating exceptionally robust growth in the UK – which just a year ago felt pressured – and continues to sow the seeds for long term success in North America and Asia. Cash generation remains strong, and the group has surprised on the upside with a material boost to the dividend. We make modest upgrades to 2018 (and later) forecasts, and increase our dividend expectations materially. W