Diana Marszalek 22 Oct 2021 // 8:09PM GMT
SYDNEY — Australian holding company Enero, which owns Hotwire and CPR, saw net revenue rise 22.6% during the first quarter of fiscal 2022.
In a memo, CEO Brent Scrimshaw credited the lift to “strong performance” delivered by BMF, Hotwire and OBMedia. Operating EBITDA was up 50%.
“We continue to see a robust pipeline of new business opportunities across our priority verticals of technology, healthcare and consumer," the memo said.
“The Group’s latest result is testament to our strong and enduring client relationships, and our collective focus to invest in more progressive offerings that support client retention and deliver smarter, effective business outcomes. As a result, we’re continuing to build on our impressive track record of sustainable revenue and EBITDA growth,” the memo said.
Enero’s strong start to the year comes on the heels of a robust fiscal 2021, the first full year under Scrimshaw’s watch.
Fiscal 2021 saw net revenue rise 18.3% to $160.6 million. Organic revenue grew 14% year-over-year, and operating EBITDA was up 87.1% to $45.6 million, according to Enero’s year-end earnings report.