September 24, 2021

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Enero Group posts net revenue of $160m while global operations prove a mixed bag – MuMbrella

Enero Group has released its financial results for the year ending 30 June 2021, reporting net reve.......

Enero Group has released its financial results for the year ending 30 June 2021, reporting net revenue of $160.6 million, up 18.3% on last year.

The results see a continuation of Enero’s growth, which has risen five straight financial years. Brands in Enero’s portfolio include BMF, Hotwire and Orchard.

This year marked Enero’s first year under the stewardship of new CEO Brent Scrimshaw, who took up the role on 1 July 2020, with significant leadership changes also coming over the year.

The operating EBITDA was reported as $45.6 million, up 87.1% year-on-year, while it also posted a $22.8 million profit after tax attributable to equity holders.

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Enero Group CEO, Brent Scrimshaw, said: “It is pleasing to see Enero Group’s progress in the last twelve months as we have accelerated the sustainable growth opportunities available to us around the globe.

“It has been our utmost priority to establish a new operating framework, supported by our new executive leadership team, strong culture and diverse talent pool, to deliver on that growth vision. Client expectations are changing in today’s world, and Enero is delivering new solutions that drive smarter and more effective outcomes.”

Financial breakdown [click to enlarge]

Enero Group chair, Ann Sherry, said that it was an exciting financial year for Enero. “Under the new leadership of CEO Brent Scrimshaw, the company has begun a transition into a forward-looking, progressive global …….

Source: https://mumbrella.com.au/enero-group-posts-net-revenue-of-160m-while-global-operations-prove-a-mixed-bag-698963