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An update from Enero Group Limited ( (AU:EGG) ) is now available.
Enero Group Limited reported a 12% decline in revenue for the first half of FY25, impacted by challenging macroeconomic conditions and the technology and AdTech markets. Despite these challenges, the company improved its EBITDA by 10% compared to the previous half and reduced expenses by 6% year-on-year. The Technology, Healthcare, and Consumer Practice showed resilience with a 17% growth in EBITDA from the prior half, driven by cost management and new business wins with major clients like Westpac. OBMedia faced a 2% decline in EBITDA compared to the prior half, but Enero is negotiating to sell its 51% interest in the company to maximize shareholder value. The company declared an interim dividend supported by a strong balance sheet.
More about Enero Group Limited
Enero Group Limited operates in the technology, healthcare, and consumer sectors, providing services in advertising, marketing, and communications. The company focuses on delivering creative and effective solutions, with a strong presence in the US tech sector and a commitment to long-term growth.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €51.16M
Find detailed analytics on EGG stock on TipRanks’ Stock Analysis page.