Strong financial performance and cautious outlook for 2024

  • Moneysupermarket.com Group reports higher pretax profit and record revenue for 2023
  • Pretax profit increases to £92.1 million compared to £85.2 million in the previous year
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) reaches £131.9 million
  • Revenue rises by 11% to £432.1 million, driven by strong insurance performance
  • Final dividend of 12.1 pence per share declared, representing a 3% increase from 2022
  • No growth expected in energy-switching revenue for 2024
  • Challenges anticipated in insurance sector in the second half of the year
  • Board remains confident in group EBITDA performance within market consensus range

Moneysupermarket.com Group has announced a significant increase in pretax profit and record revenue for the year 2023. The company’s pretax profit reached £92.1 million, surpassing the previous year’s figure of £85.2 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) also showed positive growth, reaching £131.9 million. This growth was driven by robust cost management, resulting in an expanded EBITDA margin of 31%. The company’s revenue rose by 11% to £432.1 million, primarily due to a strong performance in the insurance sector. Moneysupermarket.com’s efficient acquisition and retention strategy also contributed to this growth. Despite the positive financial results, the company does not anticipate any growth in energy-switching revenue for the year 2024. Additionally, the insurance sector is expected to face challenges in the second half of the year, making the comparatives tougher. However, the board remains confident in the company’s trading performance and strategic execution, stating that the group’s EBITDA will be within the current market consensus range. To reward shareholders, a final dividend of 12.1 pence per share has been declared, representing a 3% increase from the previous year.

Factuality Level: 9
Factuality Justification: The article provides factual information about Moneysupermarket.com Group’s financial performance for 2023, including pretax profit, revenue, and dividend declaration. The information is presented in a straightforward manner without any digressions, bias, or inaccuracies. It focuses on the key financial metrics and statements from the company’s board, making it highly factual.
Noise Level: 3
Noise Justification: The article provides relevant information about Moneysupermarket.com Group’s financial performance for 2023, including pretax profit, revenue, and Ebitda. It also mentions the company’s expectations for the future regarding energy-switching revenue and insurance performance. The article stays on topic, supports its claims with data, and offers insights into the company’s strategic outlook. However, it lacks in-depth analysis, accountability, and antifragility considerations, which prevent it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: The news pertains to the financial performance of Moneysupermarket.com Group, a U.K. price-comparison website, which reported higher pretax profit and record revenue for 2023. It also mentioned the company’s expectation of no growth in energy-switching revenue for the current year.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article focuses on the financial performance and outlook of Moneysupermarket.com Group, indicating no extreme events mentioned.
Public Companies: Moneysupermarket.com Group (N/A)
Key People: Najat Kantouar (Author)

Reported publicly: www.marketwatch.com