Last checked at 15 Jul 2015 07:00
15th July 2015
Moneysupermarket.com Group PLC Trading Statement
We delivered continued growth across all of our businesses with revenue increasing by 18% in the first half year. As expected, growth in the second quarter moderated. The Group will announce its interim results on 30th July 2015.
Revenues for the three months to 30 June 2015 | Revenues for the six months to 30 June 2015 | |||
£M | Growth % | £M | Growth % | |
MoneySuperMarket.com - Insurance - Money - Home Services | 58.7 | 10% | 126.7 | 20% |
36.8 | 5% | 73.6 | 8% | |
16.7 | 16% | 35.5 | 20% | |
5.2 | 31% | 17.6 | 93% | |
Travelsupermarket.com | 6.7 | 8% | 13.7 | 10% |
Moneysavingexpert.com | 6.8 | 25% | 14.6 | 30% |
Intragroup revenues and Other Income | (5.0) | (11.0) | ||
Group revenues | 67.2 | 10% | 143.9 | 18% |
The key drivers in the second quarter were as follows:
- Insurance continued to grow and we are noting a marginal increase in car insurance premiums.
- Money delivered ongoing growth from a highly competitive credit card market, and some competition in the current account market with providers offering attractive switching incentives.
- Energy benefited from the growing adoption of energy collective switches.
- Moneysavingexpert.com continued to deliver a strong performance helped by a more mobile and responsive website.
For further information, contact:
Matthew Price, Chief Financial Officer
Tel: 0207 379 5151
William Clutterbuck, Maitland
Tel: 0207 379 5151
This Trading 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.