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Published on: October 17, 2022

Guidance changes following audit adjustments

MJ Hudson has today issued a statement that, following feedback from and discussions with EY regarding the ongoing audit for FY22, management does not expect the forthcoming FY22 results to match the guidance for adjusted EBITDA of at least £8.3m due to audit adjustments. The potential adjustments are all non-cash in nature and have no impact on the operating performance of the current financial year (FY23). The discussions with auditors continue and the company is expected to issue an update in due course. In the meantime, we are withdrawing our forecasts. The statement concludes by stating that current trading is encouraging.

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