Enero publishes positive results for the financial year 2020

Enero Group (ASX: EGG) today announced its results for the year ended 30 June 2020. In an unprecedented year, where the Group’s key focus was the health and safety of its employees and its clients, the Group delivered a strong financial performance. The Group’s higher proportion of clients in the technology and healthcare sectors provided consistency and a strong platform despite the challenging economic environment in all markets. All of the key financial indicators were positive – Net revenue up 4.9% to AU$135.8m and Operating EBITDA up 17.7% to AU$24.4m. The Operating EBITDA margin also saw a strong increase to 18%, up 2.0bps.

Brent Scrimshaw, CEO, said: “Whilst only a few weeks in to my role, I have been impressed with the Group’s innovation agenda and the outstanding quality of the team. Enero is now in a strong financial position to accelerate our momentum and create the next chapter of growth through some of the best performing brands in the market in Australia, UK, Europe and the USA. I will be working with the teams to bring new capability to our existing Group offering and investing in the expansion of our network in the coming year.’’

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