Growth speeds back up at Moneysupermarket
Moneysupermarket.com was able to accelerate revenue growth in the fourth quarter with the board now expecting year-on-year sales to rise by 20%.
Moneysupermarket.com was able to accelerate revenue growth in the fourth quarter with the board now expecting year-on-year sales to rise by 20%.
When the price comparison website firm reveals its full-year results next month, it expects to report sales of £178m for the 12 months to December 31st, up from £148.9m the year before.
This was helped by a 19% rise in revenues in the final three months of the year, up from 14% growth in the third quarter, "supported by higher levels of marketing spend," the firm said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Second half revenues rose by 16% in total, however this is well under the 28% growth seen in the first six months of the year.
Moneysupermarket also said that full-year adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) will total £49.5m, 21% higher than the £41m reported the year before.
The debt-free company held £34.9m in cash balances by the end of the year.
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Skipton launches a retirement bond with monthly income – is it any good?
The building society has launched a new three-year fixed-rate bond for those aged 66 and over. Can it boost your retirement income?
By Katie Williams Published
-
Pensions: 140,000 pensioners to be hit by surprise tax demand
Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds
By Chris Newlands Published