Enero Group continues its growth trajectory with strong first half 2021 results

Enero Group has reported its half year results for the six months ended 31 December 2020. The results highlight a strong financial performance during a challenging environment and represent the rollout of its creativity-led, data smart and technology-enabled strategy that aims to scale and expand the progressive capabilities of its core agency brands, including BMF, Hotwire and Orchard. The Group’s net revenue was up 19.0% to $81.0m and operating EBITDA up 129.2% to $24.3m on the prior reporting period. International markets (USA and Europe) represented 60% of the Group’s net revenue and 73% of the Group’s operating EBITDA. Operations in North America (primarily through OBMedia in the USA) drove the majority of the net revenue and operating EBITDA growth, up 66% and 187.9% respectively on the prior reporting period. Adding to the momentum is the increased revenue growth in Australia at 7% and UK and Europe at 2%, both surpassing expectations.

Up next: Enero CEO Brent Scrimshaw Outlines Growth Plans