Snoop Dogg MoneySupermarket

MoneySupermarket reveals 10% revenue hike to £225m

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By Jessica Davies, News Editor

March 4, 2014 | 2 min read

MoneySupermarket has reported a 10 per cent revenue hike to £225.6m million in its preliminary results for the 12 months to 31 December 2013.

The price comparison site saw adjusted EBITDA soar 26 per cent year-on-year during the period, a figure it had previously outlined it expected to meet.

The increases have been attributed to growth in energy and travel revenues, which offset the Funding for Lending upon the Money vertical and a slowing Insurance business in the second half of the year.

The Group acquired MoneySavingExpert on 21 September 2012, contributed £6.1m to Group revenues and £13.3m to Group adjusted EBITDA.

Meanwhile group trading for the first two months of 2014 have been “satisfactory” with revenues in the mid-single digits – ahead of where it was in the same period last year.

Now the company will turn its attention to building its travel and insurance mobile and desktop offerings for consumers.

Peter Plumb, MoneySupermarket chief executive said: "We invested across the business last year and it paid off nicely with higher revenues, profits up 26 per cent, and a dividend that was tripled as we returned over £100m to shareholders.

“We won't stand still - we'll build on our innovation in 2013 by doubling our capital investment for 2014, and bringing market leading services in Travel and Insurance to customers' mobiles and desktops.

“Our goal is to save more people more money in 2014, and we're on course to deliver that."

It will continue to invest in its core sites and marketing in the coming year. MoneySupermarket’s latest campaign was fronted by hip hop star Snoop Dog (pictured).

Snoop Dogg MoneySupermarket

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