Enero CEO Matthew Melhuish’s last financial results see the group post a 6.8% rise in net revenue
Enero CEO Matthew Melhuish is bowing out on a high after the group posted a 6.8% increase in net revenue and 10% rise in operating earnings before interest, tax, depreciation and amortisation (EBITDA) for the first half of the 2020 financial year.
Net revenue for the first half of the financial year was $68m, compared to $63.7m for the same period in the last financial year. EBITDA for the first half of the 2020 financial year was $11m.
Enero posted net revenue and EBITDA values that were up on the same period last financial year. (Source: Enero) [Click to enlarge]
The company did note in its reporting that the weaker Australian dollar positively impacting the net revenue figures by $1.3m.
A brilliant result for a brilliant advertising man. A tough and value driven competitor adding real value to his clients businesses over many years. Respected by his peers and competitors alike. Also as shown by building BMF with his partners, and now with creating Enero from the ashes that was Photon, a consummate businessman. Add to that the huge personal effort put into the AFA, as it was then, and encouraging the growth of the Effies to lift industry standards, let’s hope Matthew doesn’t retire completely.