Moneysupermarket.com announces revenue and post-tax profits for 2014
Moneysupermarket.com saw a 10 per cent growth in revenue to £248.1m and a statutory post tax profit rise of 52 per cent to £52.8m with travel revenues growing by over a quarter in 2014.
The online comparison company reported increases following an ongoing investment in technology, with TravelSupermarket.com revenue up by 28 per cent, and MoneySavingExpert revenue growing by 17 per cent for the year, following investment of £16.1m in technology as part of a three-year investment plan.
The increase in fortunes for the travel businesses was also put down to advertising spend.
Peter Plumb, group chief executive for Moneysupermarket.com, said:"Our three well-trusted brands helped more than 40 million users make the most of their money in 2014. We invested over £16m in our websites and systems and will do the same in 2015 to ensure we lead the market as the easiest and best way for families to save money on their household bills. Following 10 per cent revenue growth in 2014, the group has started the year well and is on track to save more families more money than ever before."
Spend on technology, the company explained, included the development of its data asset, the build of a new aggregation engine and the update of the customer experience, including more services to improve mobile performance.