The Moneysupermarket.Com Group Plc Board has recommended a return to dividend growth with a 3% increase to the interim dividend to 3.2 pence per share (2022: 3.1p). This reflects the ongoing good cash conversion of the business, strong balance sheet and the Board's confidence in the future prospects of the Group.
The interim dividend will be paid on 8 September 2023 to shareholders on the register on 4 August 2023.
Other financial highlights include:
Revenue up 11%, gross margin maintained at 68%; and adjusted EBITDA up 20%.
- Insurance up 23% led by car, winning share in a growing market rebounding from FCA General Insurance Pricing regulations.
- Travel continued strong recovery in Insurance and Ice Travel Group.
- Headwinds from interest rates hit loans and mortgage conversion; cost of living impacted broadband.
Ready for energy switching return - historically a market leader. No significant return expected in 2023.
Cost discipline in face of inflation - rise in operating costs kept to 3%.
Strong cash conversion - £41.1m of operating cashflow during the period.
