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Enero Group Sells OBMedia Stake, Focuses on Core Agencies

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Enero Group Sells OBMedia Stake, Focuses on Core Agencies

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Enero Group Limited ( (AU:EGG) ) has shared an update.

Enero Group Limited has sold its 51% stake in AdTech business OBMedia to the existing minority shareholders, aligning with its strategy to focus on its high-performing agencies such as Hotwire Global, BMF, and Orchard. This divestment is expected to result in a non-cash loss of A$14 million – A$16 million. Despite this, Enero anticipates delivering an EBITDA at the upper end of its guidance range, driven by new client wins and operational improvements, reflecting a solid foundation for future growth.

The most recent analyst rating on (AU:EGG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Enero Group Limited stock, see the AU:EGG Stock Forecast page.

More about Enero Group Limited

Enero Group Limited is a specialist portfolio of marketing, technology, and communications businesses listed on the Australian Stock Exchange. It includes creative agency BMF, PR and integrated communications agencies Hotwire Group, and digital and experiential agency Orchard.

YTD Price Performance: -36.57%

Average Trading Volume: 152,144

Technical Sentiment Signal: Sell

Current Market Cap: A$62.15M

For an in-depth examination of EGG stock, go to TipRanks’ Overview page.

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