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Interim Results

FDM reports strong operational and financial performance

27 July 2016 07:55

FDM reported a period of strong operational and financial performance.

Adjusted group profit before tax was up 23% to £16.5 million on revenues up 16% to £86.5 million.

HIGHLIGHTS

- Mounties assigned to client sites at the commencement of week 26 2016 was 2,452, up 34% against week 26 20152 (1,831 Mounties assigned) and 21% against week 52 2015 (2,022 Mounties assigned)

- Continued sector and geographic diversification, including strong North America and APAC growth in Mounties assigned, up 65% and 62% respectively compared with week 26 2015

- Ongoing growth supported by investment in new, enlarged training academies in a number of our territories, with global training capacity at 30 June 2016 increased by 40% over 30 June 2015

- Total headcount assigned to client sites at week 26 was 2,610 (2015: 2,176)2; (2015 week 52: 2,329)

- 701 training completions in the six months to June 2016 (30 June 2015: 554); (year to 31 December 2015: 1,240)

- Mountie utilisation rate for the six months to 30 June 2016 was 97.5% (2015: 97.8%)

- Interim dividend of 9.3p per share, an increase of 16% (2015: interim dividend of 8p)

- Group well placed to deliver board expectations for full year

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Related Company: FDM

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