Progressive publishes new research

RNS Number : 0286M

MJ Hudson Group PLC

19 May 2022

 

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 prior-year 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 key drivers to the strong performance are the company's 'three transformative growth areas': ESG & Sustainability, the Irish Super ManCo and Luxembourg fund services. Click here for full analysis

Subscribe   to Progressive's research, which is freely available to every type of investor, and be kept informed about our regular programme of investor engagement. 

About Progressive:

Progressive helps you make informed investment decisions. FCA authorised and regulated, and with a 15-strong team of highly experienced analysts, we provide freely available institutional grade equity research and access to company management teams across every sector of the market.

www.progressive-research.com

Broad coverage		Analyst calibre
across 12 sectors
Business Services	Oil & Gas	15 analysts	with average	20 years
Financials	Property		experience of
Healthcare	Retail
Industrials	Technology	30+		techMARK
Investment Trusts	Telecoms		industry based	Extel
Mining	Utilities		awards	StarMine

For further information please contact:  

Keith Hodgskiss

[phone]

[e-mail]

 

END

 

 

NRASFEEEAEESEEI