Moneysupermarket.com Group PLC Trading Statement (5340U)
January 19 2017 - 2:00AM
UK Regulatory
TIDMMONY
RNS Number : 5340U
Moneysupermarket.com Group PLC
19 January 2017
19 January 2017 - Moneysupermarket.com Group PLC Trading
Update
The Group expects to deliver strong full year results with
revenues expected to grow by 12% to GBP316 million, and Adjusted
Operating Profit* by c.8% to about GBP108 million.
The results for the full year will be announced on 28 February
2017. Performance across the business was as follows:
Revenues for the Revenues for the
three months to twelve months to
31 December 2016 31 December 2016
----------------------- -------------------- --------------------
GBPM Growth GBPM Growth
y-o-y y-o-y
(%) (%)
----------------------- --------- --------- --------- ---------
MoneySuperMarket.com 66.9 19 285.1 14
- Insurance 37.4 30 155.2 11
- Money 17.6 1 78.9 9
- Home Services 11.9 17 51.0 36
----------------------- --------- --------- --------- ---------
MoneySavingExpert.com 8.3 9 36.8 20
----------------------- --------- --------- --------- ---------
TravelSupermarket.com 4.4 21 22.3 (9)
----------------------- --------- --------- --------- ---------
Intragroup and
other (5.8) (27.8)
----------------------- --------- --------- --------- ---------
Group revenues 73.8 20 316.4 12
----------------------- --------- --------- --------- ---------
- Strong growth continued in insurance.
- The core money business, credit cards and unsecured personal
loans, delivered good growth. As previously indicated interest rate
cuts have weakened both savings and current account switching.
- Home services grew robustly, despite not undertaking a collective switch during Q4.
- The TravelSupermarket.com turnaround is on plan.
Peter Plumb, CEO of Moneysupermarket Group, commented:
"20% growth in the final quarter of 2016 closes off another good
year for Moneysupermarket Group.
"We helped nearly 7 million families save an estimated GBP1.8bn
on their household bills last year. Our technology, data and brand
investment programmes are positioning the Group to continue to lead
the market and help more families save money across a growing range
of products in the years ahead."
- Mark Lewis will be appointed as Executive Director of the
Company on 13 March and following a handover will become Chief
Executive Officer on 10 April.
For further information, contact:
Matthew Price, Chief Financial Officer
Tel: 0207 379 5151
William Clutterbuck, Maitland
Tel: 0207 379 5151
Notes:
* Adjusted Operating profit - Operating profit adjusted for the
amortisation of acquisition-related intangible assets, impairment
of other intangible assets and the contingent payable in relation
to the acquisition of MoneySavingExpert.com in the prior year.
Adjusted Operating Profit is used as a profit measure as it is
believed to better reflect the group's underlying profits and
investment in technology.
- The figures included within the statement are unaudited.
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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