6th Nov 2013 08:09
LONDON (Alliance News) - UK-based price comparison site Moneysupermarket.com Group PLC. Wednesday said third-quarter trading was in line with the Board's expectations.
Group revenues are expected to be up 5% from last year, while EBITDA is estimated to increase 26% from the previous year.
The firm said it had a very strong start to the fourth quarter with group revenues more than 25% ahead of the same period last year, driven by energy switching since mid-October.
The company now estimates full year EBITDA to be mid-single digit percentage ahead of analyst consensus.
Separately, the company announced the appointment of Matthew Price as Chief Financial Officer, succeeding Paul Doughty. Price, currently Finance Director at Costa Coffee, will join Moneysupermarket and be appointed an Executive Director in the first quarter of 2014, and Doughty will leave following a handover period.
At Costa Coffee, Price led its strategy and acquisition activities, in the UK and internationally. He is currently a director of a number of Costa Coffee companies. Matthew previously held senior financial roles at Sodexo where he was a finance director and prior to that at J Sainsbury where he was retail finance director, director of property and head of capital investment.
Copyright RTT News/dpa-AFX
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