Full Year Revenue Rise for Leading Edge Parent Enero

Australia-based Enero Group, the parent of research firms The Leading Edge and The Digital Edge, has reported an 18.3% rise in revenue to $160.6m for the full year ending 30th June 2021.

Previously known as Photon, the Enero network comprises eleven specialist companies operating out of three hubs in Sydney, London and New York. During 2020, organic revenue grew 14%, operating EBITDA was up 87.1% to $45.6m, and underlying net profit after tax was $22.8m, up 76.7% on the previous year.

Geographically, the firm said it had seen 'strong results' across Australia, the US and Europe, with the US and Europe representing 55% of the group's net revenue and 67% of its operating EBITDA - Australian operations accounted for the rest. EBITDA grew 78% at constant currency, before corporate costs.

CEO Brent Scrimshaw (pictured) comments: 'It is pleasing to see Enero Group's progress in the last twelve months as we have accelerated the sustainable growth opportunities available to us around the globe. It has been our utmost priority to establish a new operating framework, supported by our new executive leadership team, strong culture and diverse talent pool, to deliver on that growth vision. Client expectations are changing in today's world, and Enero is delivering new solutions that drive smarter and more effective outcomes'.

Web site: www.enero.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.