Moneysupermarket.com Group PLC Trading Statement (7387T)
October 17 2017 - 1:00AM
UK Regulatory
TIDMMONY
RNS Number : 7387T
Moneysupermarket.com Group PLC
17 October 2017
17 October 2017 - Moneysupermarket.com Group PLC Trading
Update
Moneysupermarket.com Group PLC, the UK's leading price
comparison website, delivered a strong quarterly performance, with
revenues up 6%. The Group continues to benefit from its diversified
portfolio, built to help everyone make the most of their money.
Performance across the business was as follows:
Revenues for the three Revenues for the nine
months to 30 September months to 30 September
2017 2017
----------------------- -------------------------- --------------------------
GBPM Growth y-o-y GBPM Growth y-o-y
(%) (%)
----------------------- -------- ---------------- --------- ---------------
MoneySuperMarket.com 80.3 6% 227.6 4%
- Insurance 47.2 11% 135.8 15%
- Money 19.2 (2%) 61.1 (0%)
- Home Services 13.8 (1%) 30.7 (21%)
----------------------- -------- ---------------- --------- ---------------
MoneySavingExpert.com 10.8 18% 30.8 8%
----------------------- -------- ---------------- --------- ---------------
TravelSupermarket.com 6.8 (1%) 19.0 6%
----------------------- -------- ---------------- --------- ---------------
Intragroup revenues (7.7) (21.9)
----------------------- -------- ---------------- --------- ---------------
Group revenues 90.2 6% 255.5 5%
----------------------- -------- ---------------- --------- ---------------
The drivers of trading in the third quarter were:
- Continued strong performance from Insurance switching.
- Money switching was stable despite fewer attractive offers from providers.
- Home Services saw recovery overall and growth in core energy switching.
Mark Lewis, CEO of Moneysupermarket.com Group, said:
"We are on track for another record year because we are helping
more people save more money across their household bills: from
insurance and credit cards to holidays, broadband and energy.
"We're particularly encouraged by the continued growth of
insurance, and momentum in energy switching, as families look to
find better deals.
"Our message to customers is clear - don't kid yourself that the
energy price cap will be the answer, if you haven't switched
recently you can quickly and easily save GBP250 today, by switching
to a competitive fixed rate!"
Outlook:
The Board remains confident of meeting full year
expectations.
For further information, contact:
Matthew Price, Chief Financial Officer
Tel: 0207 379 5151
William Clutterbuck, Maitland
Tel: 0207 379 5151
Notes: Market expectations of Adjusted Operating Profit from the
analyst consensus on our investor website are in a range of
GBP111.3m to GBP114.8m, with an average of GBP112.7m.
Adjusted operating profit - Operating profit adjusted for the
amortisation of acquisition-related intangible assets and the
contingent payable in relation to the acquisition of
MoneySavingExpert.com and any other exceptional items.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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