Last checked at 14 Jan 2014 07:00
MoneySuperMarket.com Group PLC
14 January 2014
Post Close Trading Statement
The Board expects full year revenues to increase around 10% to £225.5m (2012: £204.8m) and adjusted EBITDA to be around £84m, an increase of approximately 26% (2012: £66.5m).
Trading in the fourth quarter was in line with expectations with Group revenues approximately 16% ahead of the same period last year. Excluding MoneySavingExpert.com, Group revenues also increased around 16% with revenues from Home Services and Travel well ahead of the same period last year. Revenues from energy switching were particularly strong and were nearly 200% ahead boosted by the energy price rise announcements early in the fourth quarter. Money and Insurance continued to trade in line with Q3 trends. Overall, Group adjusted EBITDA was approximately 22% ahead of the fourth quarter 2012. Excluding MoneySavingExpert.com, Group adjusted EBITDA rose slightly ahead of revenues.
As at 31 December 2013 the Group had net debt of £21.1m
The results for the year will be announced on 4 March 2014.
Peter Plumb, CEO of MoneySuperMarket.com Group PLC, said:
"MoneySuperMarket had a strong second half thanks chiefly to our ability to help UK householders beat the autumn energy price hikes with both MoneySuperMarket and MoneySavingExpert helping more people switch their energy supplier than ever before.TravelSuperMarket made good progress in 2013, demonstrating the benefit of the wide portfolio of services we offer customers to make the most of their money.We welcome the recent Competition Commission announcement that aims to stop those of our competitors who have been actively trying to prevent us from delivering our 'best price' strategy to our customers."
For more information, please contact:
MoneySuperMarket.com Group PLC
Paul Doughty, Chief Financial Officer, 020 7379 5151
Maitland
William Clutterbuck, 020 7379 5151
· The information in this release is based upon management information.