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MoneySupermarket expects 26% earnings rise

In a pre-close trading statement, the Ewloe-based business said earnings before interest, tax, depreciation and amortisation (EBITDA) should come in at £66m, although £4.5m of this is from a VAT refund.

Revenues are up 15% from £178.5m to £204.5m. The business's profits have been buoyed by the acquisition of Martin Lewis' MoneySavingExpert.com for some £87m. 

It has already contributed adjusted earnings of £2.8m to the group and accounted for 4% of an 18% growth in fourth quarter revenues.

Source: The Business Desk

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