FDM Group (Holdings) Full Year 2024 Earnings: EPS Misses Expectations

FDM Group (Holdings) (LON:FDM) Full Year 2024 Results

Key Financial Results

• Revenue: UK£257.7m (down 23% from FY 2023).
• Net income: UK£20.5m (down 50% from FY 2023).
• Profit margin: 8.0% (down from 12% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: UK£0.19 (down from UK£0.37 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

FDM Group (Holdings) EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.6%.

The primary driver behind last 12 months revenue was the United Kingdom segment contributing a total revenue of UK£104.0m (40% of total revenue). Notably, cost of sales worth UK£142.8m amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£82.6m (87% of total expenses). Explore how FDM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 7.7% growth forecast for the IT industry in the United Kingdom.

Performance of the British IT industry.

The company's shares are down 8.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for FDM Group (Holdings) that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.