Enero Group reports 19% increase in revenue for H1 2021 Financial Year

February 11, 2021 3:44

Enero Group has reported its half year results for the six months ended 31 December 2020.

The Group’s net revenue was up 19% to A$81 million and operating EBITDA up 129.2% to A$24.3 million on the prior reporting period. Australian operations saw an increased revenue growth of 6.6% and UK and Europe 2%, which was above expected. Revenue for Australian operations in the period was A$32.7 million.

International markets (USA and Europe) represented 60% of the group’s net revenue and 73% of the group’s operating EBITDA. Australia’s revenue contribution to the first half results was down five percentage points on the previous reporting period.

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.