Price comparison site Moneysupermarket.com Group PLC (MONY.L) Wednesday said financial performance in the first quarter was in line with the Board's expectations. The firm further said revenues was 13 percent ahead while EBITDA was 31 percent higher compared with last year.
Looking forward, the company said trading in the first weeks of the second quarter has been in line with the trends seen in the first quarter of the year, and that it remains positive about the outlook and overall expectations for the year are unchanged.
Commenting on the development, Peter Plumb, Chief Executive of MoneySupermarket.com, said, "...We generated strong growth in our Insurance, Home Services and Travel businesses which more than offset lower demand in our Money business where savings revenues continue to be impacted by the Government's 'Funding for Lending' scheme."
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