16th Jan 2015 07:28
LONDON (Alliance News) - Moneysupermarket.com PLC Friday said it expects to report that full-year 2014 revenue grew by around 10%, while it also expects one measure of earnings to grow by 13%, helped by improved revenue figures for the fourth quarter.
In a statement, the price comparison website, which aims to help customers save money on their household bills, said it expects 2014 revenue of GBP248 million, up 10%, while it expects adjusted earnings before interest, tax, depreciation and amortisation in the region of GBP95 million, up 13%.
According to consensus, comprising estimates provided by Canaccord Genuity, Credit Suisse, Jefferies International Ltd, Numis, Peel Hunt, and UBS between November 7 and November 28 last year, available through the company's website, analysts expected revenue of GBP242.6 million and adjusted EBITDA of GBP90.7 million.
http://corporate.moneysupermarket.com/investor/analyst-consensus.aspx
Moneysupermarket.com said that revenue from its insurance channel continued to grow in the fourth quarter, as well as revenue from credit cards and loans, which fall within the company's money channel.
It said that flattening motor insurance rates are helping to increase demand from motorists looking to compare prices and features, while banks and loan providers are "competing hard" to attract customers for credit cards.
That said, the company noted an expected fall in fourth-quarter revenue for home services and MoneySavingExpert.com, as the comparative quarter of 2013 saw an extraordinary uplift of GBP7 million as price hikes by energy suppliers resulted in high demand for switching.
"More people are seeing how easy it is to compare products and prices online, for free, and save money," Peter Plumb, chief executive, said in a statement.
Plumb said he was "particularly pleased" by the growth of the company's core insurance and money channels, while he also said that MoneySavingExpert and TravelSuperMarket are "thriving".
"MoneySuperMarket group is set to save more people more money in 2015 thanks to our investment programme," Plumb said.
By Samuel Agini; [email protected]; @samuelagini
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