Business
Interim Results
Interim Results.
About this update from Mony Group Plc
[{"type":"text","content":"\n \n \n 21 July 2022\n \n \n Moneysupermarket.com Group PLC interim results for the six months ended 30 June 2022\n \n \n \n \n \n \n Good trading performance and momentum in strategic delivery\n \n \n \n \n \n \n \n \n \n \n \n 6 months ended 30 June\n \n \n \n \n \n \n 2022\n \n \n \n \n \n \n 2021\n \n \n \n \n \n \n Growth %\n \n \n \n \n \n \n \n Group revenue\n \n \n \n \n £193.2m\n \n \n \n \n £162.3m\n \n \n \n \n 19\n \n \n \n \n \n \n Adjusted EBITDA *\n \n \n \n \n £56.6m\n \n \n \n \n £51.3m\n \n \n \n \n 10\n \n \n \n \n \n \n Profit after tax\n \n \n \n \n £33.7m\n \n \n \n \n 28.0m\n \n \n \n \n 20\n \n \n \n \n \n \n Adjusted basic EPS *\n \n \n \n \n 7.0p\n \n \n \n \n 6.1p\n \n \n \n \n 14\n \n \n \n \n \n \n Basic EPS\n \n \n \n \n 6.1p\n \n \n \n \n 5.2p\n \n \n \n \n 18\n \n \n \n \n \n \n Operating cashflow\n \n \n \n \n 45.9m\n \n \n \n \n 35.1m\n \n \n \n \n 31\n \n \n \n \n \n \n Net (debt)/cash*\n \n \n \n \n (£69.1m)\n \n \n \n \n £7.6m\n \n \n \n \n n.m.\n \n \n \n \n \n \n Interim dividend\n \n \n \n \n 3.1p\n \n \n \n \n 3.1p\n \n \n \n \n -\n \n \n \n \n \n \n \n \n \n \n \n \n • \n Further progress on strategic delivery:\n \n \n - \n core data transformation complete, transitioning to a tech-led savings platform\n \n \n - \n new MoneySuperMarket marketing campaign resonating well\n \n \n - \n integration of 2021 acquisitions (CYTI, Ice Travel Group, Quidco) on track\n \n \n \n • \n Revenue grew 19% (2% excluding Quidco) with strong performance in Money and travel channels, partially offset by closure of energy switching market\n \n \n \n • \n Car and home insurance markets yet to reach steady state after the introduction of the FCA General Insurance Pricing regulations in January, with initial evidence of lower market switching volumes\n \n \n \n • \n Gross margin down c.2%pts driven by expected mix effects, particularly the Quidco acquisition\n \n \n \n • \n Adjusted EBITDA up 10%, ahead of expectations and driven by good trading performance\n \n \n \n • \n Strong cash conversion, with £45.9m of operating cashflow during the period. Net debt of £69.1m reflects Quidco acquisition debt\n \n \n \n • &nbs...