International IT staff and services business FDM says that trading in the second half of 2008 continued the positive trend of the first half of the year.

The company reports strong cash flow generation, and predicts  net cash flow in excess of £10m at the end of its financial year.

It also expects profits for the full year to be in line with market expectations, and says it intends to maintain its final dividend for in line with its historic policy.

Rod Flavell, chief executive of FDM, says: “2008 has been a record year for FDM with strong growth in profitability, an impressive cash position and the successful expansion of our in-house “Mountie” programme. 

“This excellent performance, particularly in this very testing macro-economic environment in which we all find ourselves further demonstrates the robust nature of our revenue model and the continuing maturity of FDM as an IT services business.

“Outlook for 2009 is obviously less easy to predict than in more normal trading circumstances but I am confident that FDM is well placed to weather the economic downturn and that demand for Mountie resources remains compelling throughout our client base.”