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Moneysupermarket.com posts 7% rise in Q3 revenue

StockMarketWire.com

Money-saving website Moneysupermarket.com reported total revenue for the nine months to 30 September 2018 grew 6% to £270.1m, with all business areas seeing growth over the period.

In the third quarter alone, total revenue climbed 7% year on year to £96.4m. The Insurance business grew, despite a falling premium cycle, while Money saw positive momentum supported by improving conversion.

"Trading continues on track as we reinvent the business to help our customers save more money. Decision Tech is now on board with its B2B comparison expertise. Energy switching in our Home Services business was better than expected with customers taking advantage of great 18 month fixed deals to beat rising prices," said Mark Lewis, CEO of Moneysupermarket Group.

Looking forward, the Board remained confident it would meet current market expectations for the full year.



At 8:08am: (LON:MONY) Moneysupermarket.com Group PLC share price was -2.65p at 261.35p


Story provided by StockMarketWire.com