Moneysupermarket.com Group Plc has published its trading update for the quarter ended March 31, and the numbers indicate a rebound in both the company’s travel and insurance businesses.
Here’s how the group’s divisions stack up:
|
Source |
Q1 2023 revenue |
Q1 2022 revenue |
Growth |
|---|---|---|---|
|
Insurance |
£50.6 million |
£41.1 million |
23% |
|
Money |
£26.9 million |
£24.8 million |
9% |
|
Home services |
£9.6 million |
£9.1 million |
5% |
|
Travel |
£5.4 million |
£3.3 million |
63% |
|
Cashback |
£15.1 million |
£14.6 million |
3% |
|
Inter-vertical eliminations |
£(1.2 million) |
£(0.6 million) |
n.m. |
|
Total |
£106.3 million |
£92.3 million |
15% |
“This is a strong performance led by recovery in insurance and travel,” highlighted chief executive Peter Duffy. “Our strategy of making it easier for people to save on more of their bills is going well and means we’re helping consumers cope with cost-of-living pressures.”
Aside from the above results, which show the biggest increases in travel and insurance revenues, the company also noted a 50% rise in terms of travel insurance when compared to figures from 2019.
Moneysupermarket.com Group added: “The factors affecting our markets are unchanged from those outlined in our preliminary results in February. The board continues to be confident of delivering market expectations for the year.”
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