Weak Aussie dollar and strong UK and Europe performance helps Enero grow profits
Melhuish
Marketing services holding group Enero’s overseas operations have driven an 857% profit spike for the business, as Australasian revenue continued to slip in the first half of the 2015/2016 financial year.
The group, which includes BMF, Naked, The Leading Edge, Frank PR, CPR, Dark Blue Sea and Hotwire among its businesses, posted overall net revenue growth of 3% to $57.6m, with earnings before interest, tax, depreciation and amortisation up 57% on the previous year to $7.2m.
The result remained within the company’s guidance as profits rose from $400,000 to $3.7 million – a lift of 857%.
‘but the good news is, we don’t have any big clients!’
love this
Congratulations Matt, always fools and cowards like the one above. However those that know you understand what it has taken to turn it around, and why you will continue to build on that.
RG
The excellent creative reputation? Yes tip top proves that….
Keep fighting the good fight Matt,
Good to see a listed Australian doing ok in international markets. Ought to be congratulated on that front at least. Seem to recall Mumbrella far more harsh on downside of shareprice a while back. Circa 94c. Sure, way off ridiculous highs of years ago but bleeding appears to have stopped.. When’s our next installment of Mumbrella’s financials?
You must be a financial illiterate.
Cash flow going from 601million to 2009 to 8.5m in 2015.
Shares outstanding going from 10.4m in 2010 to 85.6 m.
Revenues have declined by more than a half in 5 years.
And no dividend for 5 years.
And that’s an Aussie company doing ok?