Mitula Group faces huge revenue jumps
10 Nov 2016
Aggregator Mitula Group estimates its full-year revenue in FY2016 to come in around $28 million AUD ($21 million U.S.) for a nearly 40-percent rise from FY2015, reported Reuters.
But, the group might pump even faster in FY2017. It expects FY2017 revenue to come in at around $40 million AUD ($30.4 million U.S.) – a 45-percent jump from $21 million U.S. in FY2016. The FY2017 estimate does not factor in potential mergers and acquisitions.
Mitula Group was founded in Spain. It is listed on the Australian Stock Exchange, and continues to grow rapidly worldwide.
Reuters reported Mitula Group anticipates its full year EBITDA to come in at around $12 million AUD ($9 million U.S.), which will be almost 60 percent higher than its FY2015 EBITDA.
Mitula Group is active in 49 countries and in the past year added fashion to its offering of automobiles, jobs, and real estate. The aggregator has pursued an aggressive growth strategy, launching six new sites in three territories in 2016.
Of the six, some were Mitula, the others were property brands Nuroa and Nestoria – other group brands. According to a recent AIM Group report, the latter may soon launch in Pakistan.