Enero posts 25% increase in net revenue, while Australia jumps 24.5% due to Orchard Marketing acquisition

Enero – the holding group behind agencies like BMF, Hotwire, Frank, Orchard Marketing, and The Leading Edge – has posted a 25% increase in net revenue to $129.5m and a 53% jump in earnings before interest, tax, depreciation and amortisation (EBITDA) to $20.7m for FY19.

Australia’s net revenue was up 24.5% to $60m, due to Enero’s acquisition of Orchard Marketing in the second half of FY18, an agency which is primarily based in Australia. Excluding the acquisition, the market’s organic revenue was flat.

Enero’s key FY19 results. (Click to enlarge)