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Pin to quick picksMoneysupermarket.Com Regulatory News (MONY)

Share Price Information for Moneysupermarket.Com (MONY)

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195.70    6.40 (3.38%)
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Spread: 0.20 (0.102%)
Market Cap: £1.01b
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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
11th Jul 20147:00 amRNSTrading Statement
2nd Jul 20149:51 amRNSHolding(s) in Company
8th May 20147:00 amRNSDirector Declaration
23rd Apr 20143:29 pmRNSDirector/PDMR Shareholding
23rd Apr 20142:25 pmRNSResult of AGM
23rd Apr 20142:17 pmRNSResult of AGM
23rd Apr 20147:00 amRNSInterim Management Statement
7th Apr 201412:16 pmRNSDirector/PDMR Shareholding
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4th Apr 201412:53 pmRNSDirector/PDMR Shareholding
31st Mar 20147:00 amRNSTotal Voting Rights
20th Mar 20142:55 pmRNSDirector/PDMR Shareholding
19th Mar 20145:00 pmRNSHolding(s) in Company
18th Mar 20146:15 pmRNSDirector/PDMR Shareholding
18th Mar 20149:00 amRNSAnnual Report and Notice of AGM
18th Mar 20147:50 amRNSClose of Nixon share sale in MoneySupermarket.com
17th Mar 20145:10 pmRNSSale of shares by Simon Nixon
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6th Mar 20145:25 pmRNSHolding(s) in Company
5th Mar 20144:00 pmRNSDirector/PDMR Shareholding
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5th Mar 20142:42 pmRNSDirector/PDMR Shareholding
4th Mar 20147:00 amRNSFinal Results
3rd Mar 20145:48 pmRNSHolding(s) in Company
28th Feb 201411:10 amRNSTotal Voting Rights
18th Feb 20145:58 pmRNSHolding(s) in Company
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7th Feb 201411:28 amRNSDirector/PDMR Shareholding
3rd Feb 20147:00 amRNSBlocklisting Interim Review
31st Jan 20144:00 pmRNSTotal Voting Rights
23rd Jan 20147:00 amRNSDirectorate Change
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14th Jan 20147:00 amRNSTrading Statement
8th Jan 20143:12 pmRNSDirector/PDMR Shareholding
17th Dec 20135:08 pmRNSDirector/PDMR Shareholding
17th Dec 201312:55 pmRNSCompetition Commission Report
16th Dec 201312:35 pmRNSDirector/PDMR Shareholding
9th Dec 20133:05 pmRNSDirector/PDMR Shareholding
6th Dec 20133:25 pmRNSDirectorate Change
29th Nov 20132:53 pmRNSTotal Voting Rights
6th Nov 20137:00 amRNSDirectorate Change
6th Nov 20137:00 amRNSInterim Management Statement
31st Oct 20137:00 amRNSTotal Voting Rights
4th Oct 201312:59 pmRNSDirector/PDMR Shareholding
23rd Sep 20136:10 pmRNSHolding(s) in Company

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