Ann: MOZ - Trading Update H1 2020, page-4

The bush fires are still going and if they impacted first half will impact second. You have often noted that the company predicted $75m EBITDA for 2020. In fact this number was first forecast in Feb 2019. They have said they will give an update to guidance in late February which presumably will be a downgrade. I think the lesson here is that long range forecasts in womens apparel should be taken with a grain of salt.