Strong start to the year for Ewloe based Moneysupermarket as revenue rises 25%
Deeside based Moneysupermarket.com Group PLC has reported a 25% rise in revenue for the first quarter of this year.mprovements across its price comparison lines and good trading in its MoneySavingExpert.com and TravelSupermarket.com divisions.
Improvements across the comparison site’s portfolio’s with good trading in MoneySavingExpert.com and TravelSupermarket.com divisions.
Group revenue in the three months to the end of March was £76.6 million, up 25% year-on-year.
Across the portfolio, insurance revenue rose 12%, money revenue rose 24%, and its home services business revenue more than doubled.
Insurance was boosted by service improvements made by the company, money growth was driven mostly by personal loans and credit cards. Current accounts also performed well due to attractive interests rates on offer from providers.
The home services business benefited from the collective switch offer and sustained consumer focus on energy prices, the company said, and it expects growth in the division to moderate over the course of the year.
Chief Executive Peter Plumb
“The first quarter saw strong growth across all three brands, with over 1.5 million families saving money on their household bills through the Moneysupermarket Group. As expected, second quarter growth is slowing from the 25% performance of the first quarter. Our technology investment programme is on track to make it easier for people to save money on whichever device they choose to access our site,”
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