Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMoneysupermarket.Com Regulatory News (MONY)

Share Price Information for Moneysupermarket.Com (MONY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 227.00
Bid: 228.40
Ask: 229.60
Change: -6.00 (-2.58%)
Spread: 1.20 (0.525%)
Open: 232.40
High: 235.00
Low: 227.00
Prev. Close: 233.00
MONY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Interim Management Statement

15 Apr 2010 07:00

RNS Number : 2093K
Moneysupermarket.com Group PLC
15 April 2010
 



 

Moneysupermarket.com Group PLC - Interim Management Statement

 

15 April 2010

Moneysupermarket.com Group PLC ("Moneysupermarket.com" or the "Group"), the UK's leading price comparison website, issues the following Interim Management Statement relating to the period from 1 January 2010 to 14 April 2010. The financial and operational data set out below is in respect of the Group's first quarter (1 January 2010 to 31 March 2010) unless otherwise stated.

Internet revenues for the first quarter improved throughout the period and were approximately 6% ahead of the same period last year (9% ahead excluding Travelsupermarket) despite a slow January across the entire business when trading was below 2009 levels. Visitor numbers for the Group were 4% lower (4% higher excluding Travelsupermarket) than the first quarter of 2009 as discussed below.

 

Money

Revenues in the Money vertical were approximately 7% ahead of the same period last year. Revenues from credit-related products, particularly credit cards, were ahead of last year as the availability of credit continued to improve. Other banking products, particularly savings related revenues, declined as the banks changed approach over the course of the last year. Early 2009 saw significant visitor volumes in the light of a number of base rate changes and the general uncertainty in the financial markets resulting from the banking crisis. The environment in Q1 2010 was significantly more benign. Visitor volumes were consequently approximately 15% down on the same period last year, but transaction counts over the first quarter were 8% ahead as customers shifted from researching to buying.

 

Insurance

 

Revenues in the Insurance vertical were approximately 10% ahead of the same period last year. Following investments made in both site design and brand the Group continued to grow its motor insurance revenues in the period in what remains a competitive marketplace. It also continued to see growth in its other major channels including home, travel and life insurance. Visitor numbers were flat on last year, albeit with an improving trend through the quarter after the slow start to the year.

 

Home Services

 

Revenues in the Home Services vertical were approximately 20% ahead of the same period last year primarily due to an increase in utilities revenue combined with higher shopping revenues. Visitor numbers were approximately 62% ahead of the same period last year driven by visitors to the shopping channel and the vouchers site, which was launched in November 2009.

 

Travel

 

Revenues in the Travel vertical were approximately 18% down over the same period last year on similarly reduced visitor volumes. The Group has continued to manage the travel vertical for margin in the period in what remains a difficult market for discretionary travel outside package holidays.

 

Group

 

As indicated in the preliminary results announcement, the Group has increased its spending in connection with the new media campaign. The Group has also increased its spend on technology using flexible third-party resource, launching new credit cards and motor insurance channels in the first quarter. The results of both initiatives have been pleasing which give the Group a good base for the rest of the financial year and beyond. The Group continues to trade in line with expectations and the Board remains confident in the Group's prospects for the full year.

 

The Group continues to remain cash generative and as at the end of March had cash balances of £24.8m after the payment of the special and final dividends. This includes a benefit of approximately £4m from the timing of supplier payments made shortly after the quarter end.

 

Peter Plumb, Chief Executive Officer, said:

 

"Moneysupermarket has had a solid first quarter, returning to revenue growth and we are now beginning to see the impact of the work we commenced in the second half of 2009 when we invested in both our product offering and our marketing. Customers are now enjoying a much better service and we are achieving even greater break through in a crowded media space. We will continue with this balanced investment approach in the first half, to maintain growth through the rest of the year."

 

Seminar for Investors and Analysts

 

The Group is later today holding a seminar for investors and analysts. The presentation will be available on the Group's corporate website at http://corporate.moneysupermarket.com/mony/financial/results/ later today. No material new information will be disclosed.

 

- Ends -

 

For more information, please contact:

 

Moneysupermarket.com Group PLC

Paul Doughty, Chief Financial Officer, 01244 665700

 

Tulchan Communications 0207 353 4200

Susanna Voyle

Tom Murray

 

·; This interim management statement may include statements that are forward looking in nature. Forward looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the actual results, performance or achievements of the Group to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Except as required by the Listing Rules and applicable law, the Group undertakes no obligation to update, revise or change any forward looking statements to reflect events or developments occurring after the date such statements are published.

 

·; The information in this release is based on management information.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSGGUBWCUPUGQC
Date   Source Headline
26th Apr 20182:02 pmRNSDirector/PDMR Shareholding
19th Apr 20183:32 pmRNSHolding(s) in Company
18th Apr 20187:00 amRNSTrading Statement
5th Apr 20185:37 pmRNSDirector/PDMR Shareholding
5th Apr 20185:36 pmRNSDirector/PDMR Shareholding
3rd Apr 20187:00 amRNSDirector/PDMR Shareholding
29th Mar 20187:00 amRNSAcquisition of Decision Technologies Limited
7th Mar 20186:03 pmRNSAnnual Financial Report
1st Mar 20187:00 amRNSDirectorate Change - Appointment of Sarah Warby
28th Feb 20189:00 amRNSTotal Voting Rights
26th Feb 20187:00 amRNSHolding(s) in Company
22nd Feb 20187:00 amRNSFinal Results
31st Jan 20188:00 amRNSBlock listing Interim Review
31st Jan 20188:00 amRNSTotal Voting Rights
29th Dec 20179:00 amRNSTotal Voting Rights
30th Nov 20179:00 amRNSTotal Voting Rights
9th Nov 20179:42 amRNSDirector/PDMR Shareholding
1st Nov 201711:54 amRNSDirector/PDMR Shareholding
31st Oct 20179:30 amRNSTotal Voting Rights
17th Oct 20177:00 amRNSTrading Statement
11th Oct 20173:41 pmRNSHolding(s) in Company
29th Sep 20179:00 amRNSTotal Voting Rights
20th Sep 20172:03 pmRNSDirector/PDMR Shareholding
7th Sep 20177:00 amRNSTransaction in Own Shares
6th Sep 20171:25 pmRNSDirector/PDMR Shareholding
6th Sep 20177:00 amRNSTransaction in Own Shares
5th Sep 20177:00 amRNSTransaction in Own Shares
4th Sep 20174:51 pmRNSHolding(s) in Company
4th Sep 20177:00 amRNSTransaction in Own Shares
1st Sep 20177:00 amRNSTransaction in Own Shares
31st Aug 20179:26 amRNSTotal Voting Rights
31st Aug 20177:00 amRNSTransaction in Own Shares
30th Aug 20177:00 amRNSTransaction in Own Shares
29th Aug 20179:14 amRNSAdditional Listing
29th Aug 20177:00 amRNSTransaction in Own Shares
24th Aug 20177:00 amRNSTransaction in Own Shares
11th Aug 20176:24 pmRNSTransaction in Own Shares
10th Aug 20172:53 pmRNSHolding(s) in Company
7th Aug 20175:17 pmRNSTransaction in Own Shares
31st Jul 20178:00 amRNSBlock listing Interim Review
31st Jul 20177:00 amRNSTotal Voting Rights
26th Jul 20175:46 pmRNSTransaction in Own Shares
26th Jul 20173:37 pmRNSHolding(s) in Company
25th Jul 20175:34 pmRNSTransaction in Own Shares
24th Jul 20176:20 pmRNSTransaction in Own Shares
24th Jul 20177:00 amRNSTransaction in Own Shares
20th Jul 20175:52 pmRNSTransaction in Own Shares
20th Jul 20175:32 pmRNSHolding(s) in Company
20th Jul 20177:00 amRNSHalf-year Report
18th Jul 20174:54 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.