The latest update is out from Enero Group Limited ( (AU:EGG) ).
Enero Group Limited has announced a trading update indicating a decline in financial performance for FY25, primarily due to structural changes in the ad tech market affecting OBMedia’s performance. The company expects a year-on-year decline in net revenue and EBITDA, with OBMedia’s transition to Google’s new RSOC product impacting revenue. Despite these challenges, Enero’s Technology, Healthcare, and Consumer Practice is showing improved performance, driven by key client wins and positive momentum in its Australian agencies. The company is also managing expenses through staff reductions at OBMedia while focusing on future margin management.
More about Enero Group Limited
Enero Group is a specialist portfolio of marketing, technology, and communications businesses listed on the ASX, including creative agency BMF, PR and integrated communications agencies the Hotwire Group, digital and experiential agency Orchard, and adtech platform OBMedia.
Technical Sentiment Signal: Strong Buy
Current Market Cap: €42.52M
See more data about EGG stock on TipRanks’ Stock Analysis page.