14 Jan 2020 07:00
MJ Hudson Group plc
(the "Company", "Group" or "MJ Hudson")
Pre-close Interim Trading Update
MJ Hudson, the international asset management consultancy, is pleased to announce the following trading update for the six-month period to 31st December 2019. This follows the Company's admission to the AIM market of the London Stock Exchange on 12th December 2019.
The Group's financial year to June 2020 has started well with underlying revenue of £10.4m, an increase of 21 per cent. compared with the same period in the previous financial year. On an organic basis, underlying revenue growth was 7 per cent. During the period, the Company successfully completed the acquisition and integration of Amsterdam-based SARIS, the ESG reporting and consulting business (since rebranded MJ Hudson Spring), further details of which are set out in the Company's admission document. The acquisition of Anglo Saxon Trust is expected to complete within the next two months, subject to and following receipt of applicable regulatory approval by the Jersey Financial Services Commission.
Given this promising start, the Board is confident that trading is in-line with management expectations for the full financial year to June 2020 . The Group intends to report its interim financial results for the six-month period to end December 2019 on or about Wednesday 18th March 2020.
Matthew Hudson, CEO of the Group said:
"We have had a busy start to the current financial year which culminated in our admission to AIM in December. From a client perspective, we continue to add to our list of material and multi-divisional clients and have made strides in integrating our recent acquisition in the ESG space, MJ Hudson Spring. At the same time, growth in underlying revenue across the Group is developing in line with our plans. Given that the period under review included both an election and our own IPO, we are encouraged by this performance and we continue to see opportunities for organic and inorganic growth in the second half of the year and beyond."
For further information, please contact:
MJ Hudson Group plc Matthew Hudson, CEO Andrew Walsh, IRO Katherine Hazelden, IR & Marketing Solutions
| +44 20 3463 3200 |
Cenkos Securities (Nomad and Broker) Stephen Keys Callum Davidson Harry Hargreaves
| +44 20 7397 8900 |
Yellow Jersey PR Charles Goodwin Joe Burgess Annabel Atkins
|
+44 20 3004 9512 +44 7747 788 221 |
About MJ Hudson
MJ Hudson, the asset management consultancy, provides expertise and infrastructure support to fund managers, investors and other specialists in the asset management industries. The firm's services include law, fund management solutions, international administration, investment advisory, data & analytics and IR & Marketing.
This comprehensive range of capabilities, coupled with MJ Hudson's ability to draw on many industry perspectives, allows the firm to build project teams that are extremely effective at helping clients achieve multiple goals. From its offices across the major asset management centres, MJ Hudson's team of more than 182 professionals work for clients managing and advising more than $1trn of assets. The firm has expertise in all traditional and alternative asset classes, including equities and bonds, private equity, venture capital, hedge funds, real estate, infrastructure, energy, and credit.