MJ Hudson’s Q3 FY22 trading update, issued on Thursday 12 May, revealed
that the company’s results for the full year are expected to be significantly
ahead of our, and the market’s, expectations. Adjusted EBITDA for the year
is expected to be at least £8.3m, against our estimate of £7.5m and a prioryear figure of £5.6m. We have adjusted our forecasts for both FY22 and
FY23 following this statement (see table overleaf), with our FY23 Adjusted
EBITDA estimate going from £9.0m to £10.5m. The k ....
18 May 2022
Market’s questions answered
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Market’s questions answered
MJ Hudson’s Q3 FY22 trading update, issued on Thursday 12 May, revealed
that the company’s results for the full year are expected to be significantly
ahead of our, and the market’s, expectations. Adjusted EBITDA for the year
is expected to be at least £8.3m, against our estimate of £7.5m and a prioryear figure of £5.6m. We have adjusted our forecasts for both FY22 and
FY23 following this statement (see table overleaf), with our FY23 Adjusted
EBITDA estimate going from £9.0m to £10.5m. The k ....