ER Group Aims to Double International Revenue to 30% by Next Decade

Mauritian conglomerate ER Group has unveiled an ambitious ten-year strategy to double its international revenue share from 15% to 30%, positioning itself as a dominant regional heavyweight.

The announcement follows a landmark year for the firm, which recently completed a massive structural overhaul.

By integrating the operations of ENL and Rogers under a single banner, the group has created what leadership describes as a “streamlined, future-focused” entity designed to compete on the global stage.

Strategic Expansion and Performance

The group is targeting growth in five core sectors where it holds a competitive edge: logistics, energy, finance, hospitality, and technology.

Group CEO Gilbert Espitalier-Noël stated that the goal is to transform the firm into a “leading regional player” capable of generating increasing revenue in hard currencies while maintaining its historical pillars in Mauritius.

The strategy appears backed by solid financial footing. In its 2025 financial year, ER Group reported a post-tax profit of Rs 3.5 billion, a rise from Rs 3.3 billion the previous year.

This performance was driven by strong gains in the hospitality, travel, real estate, commerce, and manufacturing segments, successfully offsetting rising staff costs.

A Landmark Restructuring

The 2025 financial year was defined by the “Scheme of Arrangement,” a legal restructuring approved by shareholders and the Supreme Court. This resulted in two distinct listed entities:

• ER Group: Consolidating all former ENL and Rogers operations.
• Almarys: A separate entity holding 13,300 acres of agricultural land and a 25.38% stake in Société Helicophanta.

Chairman Hector Espitalier-Noël noted that with 7,300 employees across 13 countries—including East Africa, Madagascar, the Seychelles, and India—the group now possesses the “scale, purpose, and discipline” to unlock new performance levels.

Future Drivers: Digital and Green Energy

Looking toward 2026, the conglomerate identifies technology and renewable energy as its primary growth engines.

The group is currently deploying AI across its agriculture and logistics arms while accelerating renewable projects to bolster national energy security.

Furthermore, the board has announced plans to implement bi-annual dividends, with progressive increases intended to heighten investor appeal.

Managing the ‘New Normal’

Despite the optimistic outlook, the group remains wary of global volatility. Mr Espitalier-Noël cited inflation, supply chain disruptions, and geopolitical uncertainty as the “new normal.”

“Expansion for us is not about chasing growth for its own sake; it is about building a more diversified, resilient, and recognised group in the wider region,” he concluded.

Source: Le Mauricien