Enero Eyeing More Acquisitions As Full-Year Profit Soars

Enero Eyeing More Acquisitions As Full-Year Profit Soars
SHARE
THIS



Aussie-based marketing and communications conglomerate Enero has remarkably rebounded from its dour FY17 results with a triple-digit jump in profit.

The company’s statutory net profit after tax (NPAT) attributable to equity holders and excluding significant items was $8.5 million for the 12 months to 30 June 2018 – up a whopping 372.2 per cent on the previous fiscal year.

Including significant items, Enero’s NPAT was still up 61.2 per cent to $7.9 million.

Net revenue saw a modest increase of 3.5 per cent for the company to $103.7 million for FY18.

Its Australian operations – which include agencies BMF, Hotwire, Naked and Orchard – were the biggest driver of revenue growth with 12.4 per cent to hold just under half of Enero’s entire revenue.

The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 29.8 per cent, with the EBITDA for its local division growing 27.1 per cent to account for 8.9 per cent overall.

Enero FY18 results by geography

Commenting on the results, Enero CEO Matthew Melhuish (pictured above) said FY18 was a strategic step forward in the group’s strategic ambitions.

“Increases in key financial metrics of revenue, operating EBITDA and revenue, coupled with the acquisition of Orchard Marketing during the year, sets up the group for a successful year ahead,” he said.

“Orchard Marketing has enhanced the group’s digital capabilities in both Australia and the USA, and is our key business in our digital pillar. Strong growth in our USA market businesses is rebalancing the geographic contributions of our key hubs.”

Melhuish said Enero remains open to further acquisitions to “either enhance geographic presence in our hubs or expand services in key businesses”.

Please login with linkedin to comment

Enero FY18

Latest News

Ash London To Co-Host Ten’s New Game Show
  • Media

Ash London To Co-Host Ten’s New Game Show

Network Ten has revealed that radio personality Ash London will join Grant Denyer as co-host of its new game show, which will hit TV screens on Sunday 7 October at 7:30pm. London’s role on Game of Games was formally acknowledged in a media release sent out by Ten this morning. However, if you had your […]

Bayer Consolidates Crop Science Creative With Clemenger’s Redhanded
  • Advertising

Bayer Consolidates Crop Science Creative With Clemenger’s Redhanded

Redhanded has been appointed creative agency of record for the crop science division of Bayer in Australia, following a competitive pitch. The appointment of the Clemenger Group agency comes after Bayer chose to consolidate its creative business in September to drive efficiencies and strategic alignment across portfolios. Redhanded will now be responsible for creative work […]

A young boy nerd shouts at the top of his voice to his co-worker through a megaphone trying to talk some sense into him. The young nerds are dressed in bowties and glasses. Retro styling.
  • Media

Study: High-Impact Digital Ads Amplify Standard Media

New research released today by Inskin Media and Lumen Research using a large-scale audience eye-tracking study has proved that high-impact formats can help draw consumers’ eyes to standard formats for longer. The UK study, in partnership with Mindshare, carried out 3,160 eye-tracking experiments and revealed that, within a browsing session, standard display formats, such as […]

Kellogg’s Chooses Eleven To Look After PR
  • Marketing

Kellogg’s Chooses Eleven To Look After PR

Breakfast cereal giant Kellogg’s has appointed Eleven to handle its PR account across Australia and New Zealand. Eleven takes over from Edelman on the account. Kellogg’s has also ditched Porter Novelli and Liquid Ideas, which worked on a project basis. Eleven managing director Roberto Pace said in a statement that the agency was excited to […]

Coca-Cola Celebrates Classic Aussie Moments To Commemorate 80 Years Via McCann
  • Campaigns

Coca-Cola Celebrates Classic Aussie Moments To Commemorate 80 Years Via McCann

Coca-Cola has today launched a campaign commemorating 80 years of great tasting beverages made by Australians in Australia. The integrated marketing campaign from McCann and UM will have multiple touchpoints with consumers led by a new locally-produced TVC running across screens and also supported in PR, social media and out-of-home. The tagline featured in the […]

Stellar Concepts Wins PR Duties For New Sydney Food Festival
  • Marketing

Stellar Concepts Wins PR Duties For New Sydney Food Festival

Communications agency Stellar Concepts has been appointed by IMG Culinary to deliver a PR campaign for the launch of Taste of Sydney Collective. The food festival is an evolution of IMG’s ‘Taste of’ festival series fusing food, culture and music. Taking place at the Cutaway in Sydney’s Barangaroo precinct during November, the highly-curated event will […]

SPEED To Handle Media Planning For QICGRE
  • Media

SPEED To Handle Media Planning For QICGRE

SPEED has been appointed QICGRE’s communications strategy and channel planning agency with immediate effect. QICGRE are operators of 26 shopping centre’s across Australia, including Eastland, Castle Towers, Westpoint, Canberra Centre, Robina Town Centre and Grand Central. SPEED will provide portfolio communication recommendations across the business, as well as direct media planning support for each shopping […]

Former One Green Bean CEO Carl Ratcliff Resurfaces At DDB Sydney
  • Advertising

Former One Green Bean CEO Carl Ratcliff Resurfaces At DDB Sydney

DDB Australia has announced the appointment of former One Green Bean CEO Carl Ratcliff as chief strategy officer of DDB Sydney. Ratcliff’s appointment comes just over two weeks after it was announced that Claire Salvetti would replace him as CEO of One Green Bean. Ratcliff has more than 20 years’ experience in the world of building brands […]