Business
Trading Statement
Trading Statement.
About this update from Mony Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 4898I\n Moneysupermarket.com Group PLC\n 02 April 2020\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014\n \n \n \n 2 April 2020\n \n \n Q1 2020 & COVID-19 Update \n \n \n Moneysupermarket.com Group PLC reports trading results for the quarter ended 31 March 2020\n \n \n \n \n \n \n \n \n \n \n \n \n Q1 2020\n \n \n £m\n \n \n \n \n Q1 2019\n \n \n £m\n \n \n \n \n Growth \n \n \n %\n \n \n \n \n \n \n Insurance\n \n \n \n \n 51.9\n \n \n \n \n 48.3\n \n \n \n \n 8\n \n \n \n \n \n \n Money\n \n \n \n \n 24.5\n \n \n \n \n 25.3\n \n \n \n \n (3)\n \n \n \n \n \n \n Home Services\n \n \n \n \n 19.5\n \n \n \n \n 19.6\n \n \n \n \n (1)\n \n \n \n \n \n \n Other revenue\n \n \n \n \n 11.4\n \n \n \n \n 11.7\n \n \n \n \n (2)\n \n \n \n \n \n \n Total\n \n \n \n \n 107.3\n \n \n \n \n 104.9\n \n \n \n \n 2\n \n \n \n \n \n \n \n \n \n Diversified business delivered 2% revenue growth in Q1\n \n \n \n \n \n § \n Trading within Insurance was driven by travel and life. Our natural search rankings have improved since Q4 2019 although we continue to see some volatility.\n \n \n \n \n \n § \n In Money, during the first part of the quarter credit and banking returned to growth, however during March trading dynamics deteriorated.\n \n \n \n \n \n § \n Attractive offers from energy providers and large customer savings meant that Home Services trading was broadly in line with last year's exceptional performance.\n \n \n \n \n \n § \n Within Other, TravelSupermarket traded well at the start of the quarter but from mid-February trading weakened significantly from COVID-19. This was partially offset by Decision Tech's growth.\n \n \n \n \n \n Operations\n \n \n \n \n \n The welfare of our colleagues remains paramount as we navigate the uncertainty caused by the pandemic. Our technology platform and secure infrastructure can support employees, including our contact centre team, to work efficiently and safely from home. We plan to remain a flexible and efficient way for our providers to reach customers throughout the crisis.\n \n \n \n \n \n Our comparison services are important to customers in these uncertain times. MoneySavingExpert has se...