Enero Group expects to deliver 20% YoY revenue growth
• Enero CEO said: "strong earnings momentum reflects the success of our operating framework"
Enero Group Limited provided a trading update to the Australian Stock Exchange which further supports the creative technology company’s track record of sustainable revenue and EBITDA growth, growing the company’s revenue by 42% in just over 24 months.
The trading update for the full year to June 2022 outlines Enero’s impressive growth trajectory and momentum as the company expects to deliver a net revenue of between $192 million and $193 million, equating to 20% year-on-year growth.
In addition, Enero is predicted to post an underlying Operating EBITDA of between $61 and $62 million, representing a 34% to 36% year-on-year growth.
Brent Scrimshaw, Enero CEO, said: "Enero’s strong earnings momentum reflects the success of our operating framework and the execution of our growth vision for the Company.
"The acceleration in FY22 H2 growth has been delivered across the portfolio of businesses, with particular strength in the US market.
"These financial results are a testament to Enero’s operating framework, strong enduring client relationships, and focus on innovating within our priority verticals of technology, healthcare, and consumer," Scrimshaw added.
Last month, Enero announced the sale of two of its business consultancies, The Leading Edge (TLE) and The Digital Edge (TDE), after acquiring both businesses in 2004.
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The group sold both TDE and TLE to independent market research company FiftyFive5 to further align the Group’s portfolio of complementary brands and services across the globe.
At the time, Scrimshaw said: “The sale of both TLE and TDE demonstrates our ongoing commitment to executing against our progressive portfolio growth strategy.
“We will continue to invest in the capabilities of our core brands and remain relentlessly focused on cross-geographical growth and refining our portfolio of global brands and services.
“On behalf of the whole Enero team, I would like to wish the passionate team at TLE, TDE, and FiftyFive5 all the best in their new adventure,” he added.
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Top image: Brent Scrimshaw
