Moneysupermarket's year end results reveal drop in revenue and customers
Moneysupermarket’s preliminary results for the year ending 31 December 2009 have revealed a 23% drop in revenue to £136.9m (2008: £178.8m) and 26% drop in EBITDA to £36m (2008: £48.8m)
Insurance accounted for 55% of the revenue (£75.7m), an 11% increase on 2008 despite a slight drop in revenue (2008:£77.7m).
However the group claimed its insurance trading had improved in the second half (up 2% on 2008), reversing a first half decline (down 6% on 2008), despite visitors to the website being flat at 120m (excluding a 9% increase in visitors to travelsupermarket.com).
Overall in 2009 visitors were down 3% to 24.1m (2008: 24.8m) and transactions down 14% to 13.2m (2008: 15.4m).
In
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