Business
Post Close Trading Update
Post Close Trading Update.
About this update from Mony Group Plc
[{"type":"text","content":"\n \nRNS Number : 9491L Moneysupermarket.com Group PLC 15 January 2016 \n \n\n15 January 2016 - Moneysupermarket.com Group PLC Trading Update\n \nThe Group expects to deliver strong full year results with revenues expected to grow by 14% to £282 million, and Adjusted Operating Profit* to grow by c.13% to around £99 million, a little ahead of market expectations**. The Group is well placed to make further progress in 2016 through our diversified business. The results for the year will be announced on 1 March 2016.\nPerformance across the business was as follows:\n\n\n\n\n\n\n\nRevenues for the three months to 31 December 2015\n\n\nRevenues for the twelve months to 31 December 2015\n\n\n\n\n\n\n\n£M\n\n\nGrowth y-o-y (%)\n\n\n£M\n\n\nGrowth y-o-y (%)\n\n\n\n\nMoneySuperMarket.com\n- Insurance\n- Money\n- Home Services\n\n\n56.4\n28.9\n17.4\n10.2\n\n\n5\n(10)\n28\n25\n\n\n250.1\n140.2\n72.4\n37.5\n\n\n14\n2\n23\n68\n\n\n\n\nMoneySavingExpert.com\n\n\n7.6\n\n\n38\n\n\n30.7\n\n\n34\n\n\n\n\nTravelSuperMarket.com\n\n\n3.6\n\n\n(11)\n\n\n24.5\n\n\n8\n\n\n\n\nIntragroup revenues\n\n\n(5.9)\n\n\n\n\n\n(23.6)\n\n\n\n\n\n\n\nGroup revenues\n\n\n61.7\n\n\n5\n\n\n281.7\n\n\n14\n\n\n\n\n \n- Insurance contracted slightly more than expected in the Quarter. At a time when we were finishing the migration to our new technology platform, we experienced stronger competitor marketing activity than anticipated and chose to maintain our margins. Initiatives are underway to bring momentum back to our Insurance business through the course of 2016.\n \n- Money continued to deliver strong growth driven primarily by credit cards and current accounts.\n \n- Home Services benefitted from the success of the latest MoneySuperMarket.com collective energy switch which attracted record numbers of customers. \n \n- TravelSuperMarket.com performed as expected given its transition to new technology.\n \nPeter Plumb, CEO of Moneysupermarket Group, commented:\n \n\"2015 has been another strong year for the Group with all brands delivering healthy growth. I am particularly pleased that we have helped many more people switch their energy supplier, credit card and...