Revenue at Moneysupermarket grows by 15%

Stephen Chapman's picture

Moneysupermarket has seen its group revenue increase by 15% over the last 6 months.

It reached almost £200m for the period, with profits after tax up 18% to £50.2m.

Growth was due to “exceptional” energy switching and its acquisition of Decision Tech in August of last year.

“Our Reinvent strategy continues to make it easier and quicker to save and is now supported by the new MoneySuperMarket branding, which encourages people to ‘Get Money Calm’ by using our site to pay less across a broad range of bills,” explained Mark Lewis, Chief Executive Officer of Moneysupermarket Group.

The Reinvent Strategy was set up to unlock new market growth. This includes optimising customer journeys and making sites easier to use - particularly on mobiles.

This is being done by a number of Manchester product engineering teams, split across the city. Later this year, they will come together in one permanent office.

The company will also be focusing on personalisation and also using Decision Tech’s capabilities to diversify into new comparison services, including B2B and mortgages.

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