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.) Рa 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.


Cila Warncke

Cila joined AIM Group in 2014 as writer/analyst for Spain. An Anglo-American living in Ibiza, she brings extensive international writing and consulting experience to the role. Educated at University of Pennsylvania (BA) and Glasgow University (MLitt), she has worked for wide range of consumer and B2B publications and companies in Europe and the USA, writing on topics ranging from marketing to travel to music to ultra-marathoning. She uses her writing, research and analytical skills to help clients tell their stories, grow their business, reach new audiences, build loyalty and exploit new media channels. Cila is also an award-winning essayist, creative writer and founder of Creative Writing Ibiza.