Moneysupermarket.com on track for year

16th Nov 2010 08:37

Price comparison website Moneysupermarket.com said trading in the first few weeks of the fourth quarter has been strong with revenues still more than 10% ahead of the same period last year. The company's performance in the third quarter and in the year to date is in line with the board's expectations, the group said.Internet revenues were 11% ahead of the same period last year helped by new site launches made in its Money and Insurance verticals earlier in the year. EBITDA was 16% ahead of the same period. Commenting on trading chief executive Peter Plumb said, "Moneysupermarket.com has continued to make good progress in the second half of the year. Insurance and Money verticals benefited from the site developments made earlier in the year coupled with our 'Haggle Hero' campaign which continues to perform strongly. Our Travel business is on track for a relaunch in the first quarter of 2011."Moneysupermarket.com is well placed to capitalise on its strengths as we begin to see signs of growth returning to our markets," Plumb added.The group added that is recent acquisition of FSN will enable it to bolster its rand offering to new customer segments in the Money and Insurance business.