Australia's Enero Group jumps on stake sale, upbeat FY25 forecast

Enero

01/07/2025 01:40

** Enero Group EGG.AX jumps as much as 9.5% to A$0.750, highest since April 28

** Stock marks biggest intraday pct gain since April 14

** Marketing and communication services provider expects its FY25 underlying EBITDA to be at the upper end of its earlier forecast of A$22 mln ($14.5 mln)-A$26 mln

** Says it has sold its 51% stake in AdTech business

** YTD, EGG falls 37.3%

($1 = A$1.5205)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))