Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMoneysupermarket.Com Share News (MONY)

Share Price Information for Moneysupermarket.Com (MONY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 216.00
Bid: 215.80
Ask: 216.20
Change: -2.20 (-1.01%)
Spread: 0.40 (0.185%)
Open: 211.20
High: 218.40
Low: 211.20
Prev. Close: 218.20
MONY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Moneysupermarket.com posts 10 per cent rise in FY revenue

Tue, 04th Mar 2014 08:50

- Revenue up 10 per cent- Strong performance by Travel and Home Services- Jefferies reiterates 'buy' rating and target priceMoneysupermarket.com Group satisfied investors on Tuesday after its full-year results revealed a 10 per cent rise in revenue and a 30 per cent increase in the final dividend payment. The driving forces of revenue were Travel and Home Services, which helped offset lower revenues in Money as savings revenues continued to be affected by the Bank of England's 'Funding for Lending' scheme. The Insurance business also suffered a slowdown. The price comparison website posted turnover of £225.6m (2012: £204.8m), adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of £84.0m (2012: £66.5m) and a gross margin of 77.8% (2012: 74.1%). Pre-tax profit climbed from £31.54m to £43.1m, while basic earnings per share rose to 6.4p a share from 4.8p a year earlier. This was helped in part by a reduction in the cost of sales of around £3m, as well as a strong result from MoneySavingExpert.com in its first full year of ownership. Peter Plumb, MoneySuperMarket.com Chief Executive Officer, said: "We invested across the business last year and it paid off nicely with higher revenues, profits up 26%, and a dividend that was tripled as we returned over £100m to shareholders."He also said the company was doubling its capital investment for 2014.In the first two months of the year, the group's performance has been "satisfactory", with revenues a mid single digit ahead of the same period in 2013. "Trading within the group has been largely consistent with the trends seen in the fourth quarter of 2013 with strong growth in TravelSupermarket.com and MoneySavingExpert.com, offset by Home Services, where growth rates have slowed," the group added. "Further investment in our core sites and marketing, and a positive outlook on natural search with Google, give the board confidence in the outlook for the full year." The final dividend was increased to 5.12p per share (2012: 3.94p per share). Net debt at the year-end totalled £21.1m (2012: net cash £18.6m), reflecting the payment of a £70m special dividend to shareholders during the year. Broker Jefferies said that "given the EBITDA upside we maintain our 'buy'" along with its 248p price target following what it described as a "solid" statement, although noted that the company was "still suffering though from a hangover from the rather shockingly bad 2013". Shares rose 4.67% to 188.40p early on. NR
More News
19 Oct 2022 09:43

LONDON BROKER RATINGS: HSBC lifts Marston's; Barclays cuts Flutter

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
18 Oct 2022 17:11

LONDON MARKET CLOSE: FTSE 100 stays green but optimism starts to fade

(Alliance News) - It was another green session in London on Tuesday, but the FTSE 100 was sitting behind peers in Frankfurt and Paris, as investors continue to take heart from the UK government unwinding all of the proposals put forward in its disastrous mini-budget.

Read more
18 Oct 2022 16:54

London stocks eke out gains for fourth straight day on UK policy reversal optimism

Ithaca Energy explores IPO

*

Read more
18 Oct 2022 12:17

LONDON MARKET MIDDAY: Stocks climb but pound slips back below USD1.13

(Alliance News) - European stocks advanced on Tuesday, with global equity markets continuing to grow in confidence, after the UK government backtracked on its unfunded tax cuts and as US corporate earnings have come in decent so far.

Read more
18 Oct 2022 10:00

LONDON BROKER RATINGS: Antofagasta raised; Jefferies likes Dechra

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
18 Oct 2022 08:38

Moneysupermarket runs ahead of expectations, led by money and travel

(Alliance News) - Moneysupermarket.com Group PLC on Tuesday said it will be increasing its guidance for the year following growth ahead of expectations in the third quarter.

Read more
18 Oct 2022 07:55

LONDON BRIEFING: Bellway revenue rises; Panmure sizes up finnCap

(Alliance News) - London's FTSE 100 index was set to open higher on Tuesday, extending gains from Monday as a the dark cloud from last month's UK mini-budget appears to have cleared from equity markets.

Read more
18 Oct 2022 07:21

Moneysupermarket sees FY at upper end of expectations after strong Q3

(Sharecast News) - Price comparison website Moneysupermarket said annual core earnings would be at the upper end of guidance after third-quarter trading came in ahead of expectations, driven by customers switching financial products and looking for better deals amid the cost-of-living crisis.

Read more
11 Oct 2022 09:33

LONDON BROKER RATINGS: Numis cuts Kingfisher but raises Next

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
10 Oct 2022 12:10

LONDON MARKET MIDDAY: FTSE 100 trims opening loss amid Fed hike worry

(Alliance News) - European equities traded off session lows heading into Monday afternoon, finding some poise after a poor open, as markets deal with the fallout from last week's US jobs report.

Read more
10 Oct 2022 09:33

LONDON BROKER RATINGS: HSBC lifts Fevertree; Jefferies likes Balfour

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
10 Oct 2022 07:50

LONDON BRIEFING: DS Smith lifts guidance; Unite sales beat forecasts

(Alliance News) - The prospect of continued interest rate hikes cast a dark cloud over markets again at the start of the new week, following Friday's stronger-than-expected US jobs report.

Read more
6 Oct 2022 10:46

LONDON BROKER RATINGS: Berenberg cuts Anglo American and Gem Diamonds

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
2 Oct 2022 16:23

Sunday newspaper round-up: British Steel, Takeovers, Credit Suisse

(Sharecast News) - Jingye Group, the Chinese outfit that brought British Steel out of insolvency in 2020, has told ministers that its two blast furnaces would not be viable unless financial support from taxpayers was forthcoming. In remarks to Sky News, insiders said the company may need "hundreds of millions of pounds" in order to keep the company's blast furnaces in Scunthorpe, north Lincolnshire, operational. It remained nevertheless unclear whether the rescue package would take the form of a grant or loan. - Sunday Telegraph

Read more
28 Sep 2022 09:31

CORRECT (Sep 26): Moneysupermarket.com hires Niall McBride as new CFO

(Correcting a reference to the new CFO's name to McBride.)

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.