FDM’s H1 has seen strong ongoing growth, with Mountie revenue up 17% at constant currency. This performance has been across the board, with all geographies contributing to growth, and increasing diversification of end market verticals. The group has also been investing heavily, with additional staff and office location costs; despite this, H1 Adjusted EBIT is almost exactly half our full year estimate. We make no changes to forecasts (other than a modest reduction to tax rate) and leave
23 Jul 2018
Investing and growing
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FDM Group (Holdings) plc (FDM:LON) | 324 -42.2 (-4.0%) | Mkt Cap: 355.5m
- Published:
23 Jul 2018 -
Author:
Gareth Evans -
Pages:
8
FDM’s H1 has seen strong ongoing growth, with Mountie revenue up 17% at constant currency. This performance has been across the board, with all geographies contributing to growth, and increasing diversification of end market verticals. The group has also been investing heavily, with additional staff and office location costs; despite this, H1 Adjusted EBIT is almost exactly half our full year estimate. We make no changes to forecasts (other than a modest reduction to tax rate) and leave