Australia's Enero Group jumps on upbeat FY22 forecast

Enero

08/06/2022 05:35

** Shares of Enero Group  EGG.AX  rise as much as 7.2% to
A$3.13 - set for their best session since May 13, if gains holds
    ** Marketing services provider sees FY22 net revenue between
A$192 mln and A$193 mln ($138.26 mln and 138.98 mln), a 20%
year-on-year growth  urn:newsml:reuters.com:*:nASM000EPO
    ** Co expects FY22 operating EBITDA in a range of A$61 mln
to A$62 mln, up 34%-36% y-o-y
    ** Stock down 27% this year, as of last close

($1 = 1.3887 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))