FDM Group (Holdings) (GB:FDM) has released an update.
FDM Group reports trading in line with expectations for the first part of the year despite continued soft market conditions and a 26% year-over-year decrease in consultant assignments. The company has reduced internal staff headcount by 20% to align with current demands and maintains a strong balance sheet with £46 million in cash, remaining debt-free. FDM Group anticipates early signs of market improvement, despite ongoing macro-economic and geo-political uncertainties.
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