Enero’s Q1 Revenues Soar 22.6%

Enero’s Q1 Revenues Soar 22.6%
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Enero Group has reported a trading update to the ASX for the three months ended 30 September 2021, highlighting a Q1 FY22 net revenue year-on-year increase of 22.6 per cent and operating EBITDA up 50 per cent on the previous corresponding period with material increases in operating EBITDA margin.

The latest financial results announced at the Group’s Annual General Meeting were driven primarily by strong performance delivered by BMF, Hotwire and OBMedia.

After closing out FY21 as a truly transformational year, Enero Group continues to build on its impressive track record of sustainable revenue and EBITDA growth.

Enero Group chief executive officer, Brent Scrimshaw (main photo) said: “The momentum we have in Q1 FY22 is a direct result of the foundations we laid over the last 12 months to deliver our global growth agenda. This has included evolving our executive leadership team, refining our operating model to implement a clear framework for future portfolio management and investment.

“While the global pandemic has accelerated the pace in which our agencies operate and their clients’ expectations, these impressive results are something for the entire team to be proud of. They reflect our strong and enduring client relationships, and our collective focus to invest in more progressive offerings that support client retention and deliver smarter, effective business outcomes. Across the Group, we’re focussed on a strong new business pipeline with particular emphasis on our priority verticals of technology, healthcare and consumer.”

Clients won across the Group in Q1 include global brands such as: Cloudflare, PWC, Sage, Splashtop, CSL, Hi Pages and LogicMonitor.

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