Enero Group’s revenue and profit climb, despite small slump in Australia

Enero Group – which houses agencies including BMF, Hotwire and Orchard – has seen its revenue climb 16.83% for the 2020 financial year to $268.7m. Net revenue was $135.8m, up 4.9%.

The Group said the positive performance was largely driven by the US performance of Hotwire, Orchard and OB Media, as Australian revenue was down 2.3% from $60m last year to $58.6m this financial year.

International markets contributed 57% of the Group’s net revenue (up from 55% last year) and 62% of the Group’s operating earnings before interest, tax, depreciation and amortisation (EBITDA).

Enero’s performance by region [Click to enlarge]