If you would like to learn more about future focusIR related events and roundtables, please submit your details 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)

Share Price is delayed by 15 minutes
Get Live Data
195.70    6.40 (3.38%)
Bid:
196.40
Ask:
196.60
Spread: 0.20 (0.102%)
Market Cap: £1.01b
MONY Live PriceLast checked at - London Stock Exchange

Intraday Moneysupermarket.Com Share Chart

Trading Statement

11 Jul 2013 07:00

RNS Number : 0662J
Moneysupermarket.com Group PLC
11 July 2013
 



Post Close Trading Statement

 

Moneysupermarket.com Group PLC ("Moneysupermarket.com" or "the Group"), the UK's leading price comparison site, issues the following trading update relating to the six month period ending 30 June 2013.

 

Half year revenues are expected to be in the region of £112m and adjusted EBITDA to be around £40m, approximately 10% and 29% * ahead of the same period last year, respectively, and in line with the Board's expectations and the trading update given on 5 June.

Group trading in the second quarter was slower than the first quarter. This was principally because of a lower rate of growth in the Insurance vertical, arising substantially following changes made by Google to its natural search algorithms, reducing our visitors and revenues from natural search in the month of June in the highly competitive insurance search area. As has happened in the past, now the algorithm changes have settled down we are working on regaining our positions in natural search in insurance.

The Group's financial position remains strong. As at 30 June 2013 the Group had cash balances of £26m. The Group will make a special dividend payment of £70m to shareholders on 26 July, as previously announced.

 

For more information, please contact:

 

Moneysupermarket.com Group PLC

Paul Doughty, Chief Financial Officer, 020 7379 5151

 

Maitland

William Clutterbuck, 020 7379 5151

 

 

·; This trading statement may contain forward-looking statements based on current expectations of, and assumptions and forecasts made by management. 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 adjust any forward looking statements to reflect events or developments occurring after the date such statements are published.

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

 

* In 2012 the Group recognized a credit in its Consolidated Statement of Comprehensive Income of £4.6m relating to an agreed change by HMRC to the method that the Group used to calculate the proportion of VAT it recovers on expenses incurred. Of the amount received £2.2m related to H1 2012. The previously reported EBITDA number for H1 2012 has been increased from £28.7m to £30.9m to present the results on a consistent basis.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTMMGMNMGFGFZZ
Date   Source Headline
9th Mar 201712:15 pmRNSDirector/PDMR Shareholding
8th Mar 20175:49 pmRNSTransaction in Own Shares
2nd Mar 20173:49 pmRNSHolding(s) in Company
1st Mar 20177:00 amRNSShare Buy-back Programme
28th Feb 20179:18 amRNSTotal Voting Rights
28th Feb 20177:00 amRNSFinal Results
31st Jan 20179:22 amRNSBlock listing Interim Review
31st Jan 20179:17 amRNSTotal Voting Rights
19th Jan 20177:00 amRNSDirectorate Change
19th Jan 20177:00 amRNSTrading Statement
30th Dec 20168:00 amRNSTotal Voting Rights
30th Nov 201610:00 amRNSTotal Voting Rights
7th Nov 20169:00 amRNSDirector Declaration
1st Nov 201610:50 amRNSDirector/PDMR Shareholding
1st Nov 20167:00 amRNSTrading Statement
28th Oct 20165:50 pmRNSHolding(s) in Company
27th Oct 20167:00 amRNSAppointment of Chief Executive Officer
19th Oct 20168:30 amRNSHolding(s) in Company
10th Oct 20169:31 amRNSDirector/PDMR Shareholding
5th Oct 20168:32 amRNSDirector/PDMR Shareholding
12th Sep 201612:00 pmRNSDirector/PDMR Shareholding
19th Aug 20167:00 amRNSHolding(s) in Company
12th Aug 20164:36 pmRNSHolding(s) in Company
11th Aug 20162:57 pmRNSHolding(s) in Company
5th Aug 20168:48 amRNSDirector/PDMR Shareholding
3rd Aug 20167:00 amRNSDirectorate Change
3rd Aug 20167:00 amRNSHalf-year Report
1st Aug 20168:00 amRNSBlock listing Interim Review
29th Jul 20168:00 amRNSTotal Voting Rights
18th Jul 20162:12 pmRNSHolding(s) in Company
14th Jul 20167:00 amRNSTrading Statement
30th Jun 20169:00 amRNSTotal Voting Rights
29th Jun 20164:55 pmRNSHolding(s) in Company
29th Jun 20163:16 pmRNSHolding(s) in Company
3rd Jun 20163:08 pmRNSHolding(s) in Company
31st May 20167:00 amRNSHolding(s) in Company
19th May 20166:09 pmRNSHolding(s) in Company
19th May 20166:07 pmRNSHolding(s) in Company
29th Apr 20168:00 amRNSTotal Voting Rights
26th Apr 20168:45 amRNSDirector Declaration
22nd Apr 20167:00 amRNSAppointment of Joint Corporate Broker
21st Apr 20168:44 amRNSResult of AGM
20th Apr 20163:00 pmRNSResult of AGM
20th Apr 20167:00 amRNSTrading Statement
31st Mar 20167:00 amRNSTotal Voting Rights
22nd Mar 20164:00 pmRNSDirector/PDMR Shareholding
22nd Mar 20168:35 amRNSDirector/PDMR Shareholding
18th Mar 20168:02 amRNSAnnual Financial Report
16th Mar 20169:46 amRNSHolding(s) in Company
16th Mar 20167:00 amRNSCompletion of Sale of MoneySupermarket by S. Nixon

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.