Enero revenue up, profit down

Chris Pash
By Chris Pash | 16 August 2019
 

Enero Group, the owner of BMF, Hotwire, Frank PR and the leading Edge, lifted revenue 40.9% to $230.03 million in the year to June.

Profit was down by a third to $5.66 million but net profit after tax before significant items was up more than half to $12.1 million.

CEO, Matthew Melhuish described the resutl as excellent set with strong numbers.

"There is positive momentum in many areas of the group coming from new business wins and new talent," he says.

"The achievement of 14% organic revenue growth, excluding the impact of acquisitions, demonstrates we can achieve more working together as a group.

"As we enter a new strategic phase, we have further simplified our outward facing brands but more importantly put more
strength and capabilities in the larger businesses.

"We will continue to build digital and data capabilities and we remain ready to invest further through acquisitions in our international network, particularly in the USA, which has experienced incredible growth this year." 

The company declared a fully franked final dividend of three cents a share, bringing the full year payout to 5.5 cents, up  37.5% on last year. 

Earlier this year Enero merged Naked with BMF with the Naked name dropped.

Last year Enero bought creative shop Orchard to become the digital pillar for the entire network. 

Enero's full year numbers:

enero 2019

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