B&TB&TB&T
  • Advertising
  • Campaigns
  • Marketing
  • Media
  • Technology
  • Regulars
    • Agency Scorecards
    • Best of the Best
    • Campaigns of the Month
    • CMO Power List
    • CMOs to Watch
    • Culture Bites
    • Fast 10
    • New Business Winners
    • Spotlight on Sponsors
  • Jobs
  • Awards
    • 30 Under 30
    • B&T Awards
    • Cairns Crocodiles
    • Women In Media
    • Women Leading Tech
Search
Trending topics:
  • Cairns Crocodiles
  • Nine
  • Seven
  • Cannes Lions
  • WPP
  • State of Origin
  • NRL
  • Pinterest
  • B&T Women in Media
  • Thinkerbell
  • AFL
  • imaa
  • Anthony Albanese
  • Spotlight on Sponsors
  • Meta
  • AI
  • Foxtel
  • TV Ratings
  • Radio Ratings
  • Sports Marketing

  • About
  • Contact
  • Editorial Guidelines
  • Privacy
  • Terms
  • Advertise
© 2025 B&T. The Misfits Media Company Pty Ltd.
Reading: Enero Reports Double-digit Slump In Profit & Revenue
Share
B&TB&T
Subscribe
Search
  • Advertising
  • Campaigns
  • Marketing
  • Media
  • Technology
  • Regulars
    • Agency Scorecards
    • Best of the Best
    • Campaigns of the Month
    • CMO Power List
    • CMOs to Watch
    • Culture Bites
    • Fast 10
    • New Business Winners
    • Spotlight on Sponsors
  • Jobs
  • Awards
    • 30 Under 30
    • B&T Awards
    • Cairns Crocodiles
    • Women In Media
    • Women Leading Tech
Follow US
  • About
  • Contact
  • Editorial Guidelines
  • Privacy
  • Terms
  • Advertise
© 2025 B&T. The Misfits Media Company Pty Ltd.
B&T > Advertising > Enero Reports Double-digit Slump In Profit & Revenue
AdvertisingMarketing

Enero Reports Double-digit Slump In Profit & Revenue

Staff Writers
Published on: 25th August 2017 at 11:09 AM
Staff Writers
Share
2 Min Read
Enero CEO Matt Melhuish
Matt Melhuish
SHARE

Aussie-based marketing and communications conglomerate Enero Group has reported some very dour results for FY17, citing a “challenging” last 12 months.

The company witnessed a 26 per cent drop in net profit after tax to $4.9 million for the last financial year, with net revenue down 12 per cent to $100.2 million.

Enero’s expenses before interest, tax, depreciation and amortisation (EBITDA) fell 22 per cent to $10.4 million.

The group’s Aussie division, which includes agencies such as BMF, Naked, Frankie, Hotwire and The Leading Edge, saw a 6.7 per cent fall in revenue in FY17, while EBITDA was up 6.2 per cent to $7.0 million.

Enero CEO Matthew Melhuish said: “While it was a challenging trading year, an improvement in the second-half resulted in a full year operating margin of 10.4 per cent.

“We faced difficult UK trading conditions in the first half after the Brexit vote, with uncertainty affecting client confidence.

“We had some client losses and also encountered currency headwinds from the stronger Australian dollar, which impacted the Operating EBITDA line by $1.5 million on a constant currency basis.

“We continued to push hard to recover the year and also remained focussed on long-term value creation.

Melhuish said Enero’s recent acquisition of Eastwick Communications in the US and the release of capital restrictions in May gives the company more flexibility as it moves into the “re-imagined” stage of its strategic plan.

Join more than 30,000 advertising industry experts
Get all the latest advertising and media news direct to your inbox from B&T.

No related posts.

TAGGED: Advertising Standards Bureau, Enero Group, Perth
Share
Staff Writers
By Staff Writers
Follow:
Staff Writers represent B&T's team of award-winning reporters. Here, you'll find articles crafted with industry experience spanning over 50 years. Our team of specialists brings together a wealth of knowledge and a commitment to delivering insightful, topical, and breaking news. With a deep understanding of advertising and media, our Staff Writers are dedicated to providing industry-leading analysis and reporting, both shaping the conversation and setting the benchmark for excellence.

Latest News

Telstra Launches One-Off Ad During State Of Origin Decider
11/07/2025
Clemenger BBDO Sydney office.
Agency Scorecard: Clemenger BBDO
11/07/2025
Matt Coote.
Matt Coote Takes New Senior Role At GumGum
11/07/2025
Spenser Skates.
Amplitude Acquires Kraftful To Embed AI-Native Voice Of Customer Capabilities
11/07/2025
//

B&T is Australia’s leading news publication magazine for the advertising, marketing, media and PR industries.

 

B&T is owned by parent company The Misfits Media Company Pty Ltd.

About B&T

  • About
  • Contact
  • Editorial Guidelines
  • Privacy
  • Terms
  • Advertise

Top Categories

  • Advertising
  • Campaigns
  • Marketing
  • Media
  • Opinion
  • Technology
  • TV Ratings

Sign Up for Our Newsletter



B&TB&T
Follow US
© 2025 B&T. The Misfits Media Company Pty Ltd. All Rights Reserved.
Welcome Back!

Sign in to your account

Register Lost your password?