Moneysupermarket expects 10% increase in revenues

Moneysupermarket has announced expected revenue increases of 10% for 2013.

The price comparison website said in a trading statement released today that it was expecting revenues of £225.5m, up from £204.8m in 2012.

Moneysupermarket also anticipates earnings before interest, tax, depreciation and amortisation (EBITDA) to increase by more than a quarter to £84m for the year (2012: £66.5m).

The company had net debt of £21.1m as at 31 December 2013.

Moneysupermarket group chief executive Peter Plumb said: “Moneysupermarket had a strong second half thanks chiefly to our ability to help UK householders beat the autumn energy price hikes, with both Moneysupermarket and Moneysavingexpert helping more people switch their energy supplier than ever before.

“Travelsupermarket made good progress in 2013, demonstrating the benefit of the wide portfolio of services we offer customers to make the most of their money.

“We welcome the recent Competition Commission announcement that aims to stop those of our competitors who have been actively trying to prevent us from delivering our ‘best price’ strategy to our customers.”