Moneysupermarket.com increases insurance to 57%
Moneysupermarket.com has announced that general insurance made £40.6m or 57% of total UK revenue for the first half of 2010, compared with £37.1m or 54% for H1 last year.
H1 financial highlights (2009 in brackets)
- Group Revenue £71.6m (£68.5m)
- Gross Margin £51.1m (£47.7m)
- Adjusted EBITDA £18.1m (£18.6m)
- Statutory profit after tax £2.0m (£0.7m)
- Cash balance £28.3m (£75.6m)
Peter Plumb, chief executive officer, said: "Moneysupermarket.com has delivered a strong performance in the first half as we started to reap the benefits of the targeted investments made in both our site and our marketing. Our brand is stronger and we are delivering on our aim of helping every household make the most of their money.
"Our customers tell us that we have the best site for core insurance and credit card products - and we have exciting plans to keep up this momentum in the second half. Launches will include new Home Insurance and Savings channels.”
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