Enero Group has reported its results for the full year ending 30 June 2021 (FY21). Under a new executive leadership team, a refined operating model and newly established growth and investment strategy, the results highlight a strong financial performance amidst a year of continuous global change.
The Group’s net revenue was up 18.3 per cent to $160.6 million and operating EBITDA up 86.9 per cent to $45.6 million on the prior reporting period. International markets (USA and Europe) represented 55 per cent of the Group’s net revenue and 67 per cent of the Group’s operating EBITDA. Operations in Australia made the largest contribution to the Group, accounting for 45 per cent of the total revenue.
The Group’s FY21 results were driven largely by organic growth, which increased 14 per cent year-on-year, and underpinned by the Group’s focus on its existing clients across its agencies, including Hotwire, BMF, Orchard, OBMedia, The Leading Edge, The Digital Edge and CPR. Strong client relationships also drove this momentum, evidenced by 60 per cent of the overall client base being with the Group for four years or longer.
Enero Group CEO, Brent Scrimshaw (main photo) 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.
“We have also implemented a new framework for investment that has already resulted in the acquisition of McDonald Butler Associates in the UK. We now have a structure and dedicated leadership that will support our future M&A.
“It is particularly encouraging to see these efforts translating into Enero’s strong performance for the year. Our diversified client portfolio has delivered EBITDA growth in every region and business, and is well positioned for the future.”
Commenting on the FY21 results, Enero Group chair, Ann Sherry, said: “FY21 has been an exciting year of change and progress for Enero. Under the new leadership of CEO Brent Scrimshaw, the company has begun a transition into a forward-looking, progressive global business, with a refined operating model that responds to the enormous changes underway in the worldwide environment.
“Despite the ongoing challenges of the pandemic, the group benefited from its unique positioning within high growth global verticals – technology, healthcare and consumer – and the hard work and commitment of our talented global teams. The client-focus and creativity of our people have delivered world-class work, new client wins, and recognition through numerous global awards for creativity, effectiveness and culture.”
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