Enero Group Limited has reported its results for the full year ending 30 June 2023. Despite the challenging global macroeconomic environment, the Group saw revenue increase 25% and EBITDA growth of 19% for the full year.
The global creative technology company’s FY23 results are predominately driven by its people and capability investments in US-based OBMedia, the acquisitions and integration of ROI DNA in North America and GetIT in Asia into the Hotwire Group, and a strong performance from Sydney-based award-winning creative agency BMF.
Brent Scrimshaw, Enero Group’s chief executive officer said: “Enero’s financial results reflect the continued focus and refinement of our long-term operating strategy and diversified portfolio, as well as the dedication and commitment of our global teams.
“Enero’s deep and enduring client relationships, world-class talent, and the strategic relevance of our market-leading capabilities underpin our continued business success.”
Enero’s two operating segments, Creative Technology and Data (Orchard and OBMedia) and Brand Transformation (BMF, Hotwire Group, and CPR), both increased in net revenue by 31% and 20%, respectively.
In the Creative Technology and Data segment, OBMedia continued to deliver growth through traffic diversification and strategic technology investments. In addition, Orchard won Optimizely’s Asia Pacific Rising Star Solutions Partner of the Year. Orchard’s key client wins included Carslile Homes, BeiGene, Epson, and Janssen.
Enero’s Brand Transformation segment benefited from the performance of creative agency BMF. Throughout the year further diversified, invested, and grew its customer experience and innovation capabilities, and also by the appointment of former Google Cceative head, Tara McKenty, as its chief innovation officer.
The Hotwire Group, headquartered in San Francisco, added a series of new clients to its roster, such as Sony, ThoughtSpot, Cricut, CCC, Vivint Smart Home, Tekion, and Bolt.
Government relations and corporate advisory firm CPR continued to drive transformation, build reputation, and grow brand recognition for its high-profile clients, while promoting, protecting, and positioning their organisations, people, and services.
Scrimshaw added: “We’ve continued to win across the Group, and around the world, which is a great indicator that our transformation strategy is sticky, even in the most challenging times.”
“Throughout FY23 we added new and progressive clients across our portfolio including Tennis Australia, Sony, Bolt, Honeywell, Afterpay, Turo, BeiGene, and Janssen.
“Pleasingly, 31% of our revenue now comes from clients who have relationships with more than one Enero brand, with a great example being the Orchard and BMF joint win in Australia of Clearskin Care Clinic’s digital and creative business.”
See Also: Enero Group revenue goes up 39% in FY23 H1 results