Australia's Enero Group hits nearly 10-year low on weak FY outlook

Enero

04/04/2025 02:17

** Shares of Enero Group EGG.AX fall 15.5% to A$0.655

** Stock hits lowest level since August 10, 2015

** Australia's marketing and communication services provider expectsnet revenue of between A$167 million and A$170 million ($105.58 million and $107.47 million), a 10% to 12% year-on-year decline

** Expects FY EBITDA (excluding significant items) of between A$22 million and A$26 million, a 30% to 40% year-on-year decline, says co

** Stock down 29.6% this year, as of last close

($1 = 1.5818 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))