Business
Half-year Report
Half-year Report.
About this update from Mony Group Plc
[{"type":"text","content":"\n \nRNS Number : 0918V Moneysupermarket.com Group PLC 19 July 2018 \n\n 19 July 2018\n \n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014.\n Moneysupermarket.com Group PLC interim results for the six months to 30 June 2018\n \n\n\n\n\nFinancial highlights\n\n\nSix Months Ended June 2018\n\n\nSix Months Ended June 2017\n\n\nChange\n\n\n\n\nGroup revenue\n\n\n£173.7m\n\n\n£165.3m\n\n\n+5%\n\n\n\n\nAdjusted EBITDA*\n\n\n£62.2m\n\n\n£62.1m\n\n\n 0%\n\n\n\n\nOperating Profit\n\n\n£52.0m\n\n\n£48.5m\n\n\n+7%\n\n\n\n\nProfit after tax\n\n\n£42.5m\n\n\n£40.3m\n\n\n+5%\n\n\n\n\nAdjusted basic EPS **\n\n\n8.4p\n\n\n8.1p\n\n\n+4%\n\n\n\n\nBasic EPS\n\n\n7.9p\n\n\n7.4p\n\n\n+7%\n\n\n\n\nNet cash (cash less borrowings)\n\n\n£24.4m\n\n\n£17.7m\n\n\n+38%\n\n\n\n\nInterim dividend for the period\n\n\n2.95p\n\n\n2.84p\n\n\n+4%\n\n\n\n\n \n \n§ Good progress on our Reinvent strategy to reaccelerate core growth and unlock new market growth.\n \n§ Results for the six months are as planned. Revenues up 5%, driven by increased energy switching and a solid performance in Insurance.\n \n§ The £5m investment in customer experience optimisation and product engineering teams is on track.\n \n§ Adjusted EBITDA of £62m is in line with expectations.\n \n§ Our cash generation remains strong and we generated £43m of operating cash during the period and net cash of £24m.\n \n§ Interim dividend up 4% demonstrating our confidence in our Reinvent strategy.\n \n \nMark Lewis, Chief Executive ...