Last checked at 16 Jan 2015 07:00
16th January 2015
Moneysupermarket.com Group PLC Post Close Trading Statement
The Board expects full year revenues to grow by around 10% to £248 million, and adjusted EBITDA to grow by 13% to in the region of £95 million.
The Group's financial position remains strong and at 31 December 2014, the Group had net cash of £10.5 million.
The results for the year will be announced on 3 March 2015.
Revenue performance:
Revenues for the three months to 31 December 2014 | Revenues for the twelve months to 31 December 2014 | ||||
£M | Growth % | £M | Growth % | ||
MoneySuperMarket.com - Insurance - Money - Home Services | 53.7 32.0 13.5 8.2 | 4 10 19 (25) | 219.3 138.0 58.9 22.4 | 9 8 13 3 | |
MoneySavingExpert.com | 5.5 | (2) | 22.8 | 17 | |
TravelSupermarket.com | 4.0 | 17 | 22.6 | 28 | |
Other | 0.0 | 0.2 | |||
Intragroup revenues | (4.4) | (16.8) | |||
Group revenues | 58.9 | 4 | 248.1 | 10 | |
Trading performance in the Fourth Quarter:
Revenues from insurance continued to grow as did revenues in Money from credit cards and loans. Motor insurance rates are flattening and this is increasing demand from motorists looking to compare prices and features. Banks and loan providers are competing hard to attract customers for credit cards. As expected Home Services and MoneySavingExpert.com revenues were down compared to the fourth quarter of 2013 when very high demand for energy switching gave an uplift of £7 million following energy price rises.
Peter Plumb, CEO of MoneySuperMarket.com, said:
"This has been a good final quarter to another strong year. More people are seeing how easy it is to compare products and prices online, for free, and save money. I'm particularly pleased to see our core Insurance and Money channels in healthy growth as a result of the savings we offer and the help we give customers to choose the best products for them. MoneySavingExpert and TravelSuperMarket are thriving. MoneySuperMarket group is set to save more people more money in 2015 thanks to our investment programme."
For further information, contact:
Matthew Price, Chief Financial Officer, MoneySuperMarket.com
Tel: 0207 379 5151
William Clutterbuck, Maitland
Tel: 0207 379 5151
This 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.