Member Article

Moneysupermarket.com announce 25% increase in group revenues

Chester-bassed Moneysupermarket.com, the price comparison site, report its first quarter results have increased by 25% to £76.6m.

The group report that key drivers to the increase were improvements in its insurance customer journey as well as an increase in applications for personal loans and credit cards.

The company said it does not expect this increase in revenues to continue into the second quarter and that revenues in April have slowed as per its expectations.

CEO of Moneysupermarket Group, Peter Plumb, said: “The first quarter saw strong growth across all three brands, with over 1.5 million families saving money on their household bills through the Moneysupermarket Group.

“As expected, second quarter growth is slowing from the 25% performance of the first quarter. “Our technology investment programme is on track to make it easier for people to save money on whichever device they choose to access our site.”

This was posted in Bdaily's Members' News section by Sophia Taha .