Moneysupermarket.com Group Financial Performance in 2023

Moneysupermarket.com Group recently announced impressive financial results for the year 2023, showcasing a higher pretax profit and record revenue. Despite this success, the company revealed that it does not anticipate growth in energy-switching revenue for the upcoming year.

Financial Highlights

• Pretax Profit: The company reported a pretax profit of £92.1 million, a significant increase from £85.2 million in the previous year.
• Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA): EBITDA reached £131.9 million, compared to £115.5 million, with an expanded EBITDA margin of 31% due to effective cost management.
• Revenue: Moneysupermarket.com Group experienced an 11% increase in revenue, reaching £432.1 million. The growth was primarily driven by a strong performance in insurance and supported by strategic acquisition and retention efforts.
• Dividend: The board declared a final dividend of 12.1 pence per share, marking a 3% increase from the previous year.

Future Outlook

While the company does not foresee a rise in energy-switching revenue for 2024, it acknowledges that insurance comparatives may become more challenging in the latter part of the year. Despite these potential obstacles, Moneysupermarket.com Group remains optimistic about its trading performance and strategic execution momentum. The board is confident that the group's EBITDA will remain within the current market consensus range.

For more information on Moneysupermarket.com Group's financial performance, please contact Najat Kantouar.