12th Nov 2014 09:24
LONDON (Alliance News) - Moneysupermarket.com Group PLC Wednesday said it remains confident of meeting its expectations for the full year, even without a repeat of the boost in demand for energy switching it received late last year from the price increases announced by energy providers.
In a statement, the price comparison website company said the "positive momentum and solid margins" seen in the third quarter continued through October.
The group's outlook for the rest of the year came along with figures for the three months ended September 30, which showed that third-quarter revenue rose by 18% year-on-year to GBP66.8 million, driven by increases in MoneySuperMarket.com, MoneySavingExpert.com, and TravelSupermarket.com.
"In parallel with saving more people more money - we've helped 3.7 million customers so far this year - the technology team has launched our pioneering new motor insurance site to a number of customers. We think this is easily the best way for customers to find the policy that best suits them - you can compare features, benefits and exclusions of policies as well as price. We'll be rolling out the new technology to more customers across our business channels in the months ahead," Chief Executive Peter Plumb said in a statement.
Moneysupermarket.com shares were up 1.3% at 207.70 pence on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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