UK's Mony Group H1 revenue rises on car insurance recovery
UK's Mony Group H1 revenue rises on car insurance recovery
Overview
UK price comparison platform's H1 revenue rose 1% to £227.1 mln, record for the period
Adjusted EBITDA for H1 up 1% to £75.5 mln, aided by cost discipline and automation
Adjusted basic EPS rose 5% to 9.7p, with interim dividend up 1%
Outlook
Company expects 2026 Adjusted EBITDA to be within current published consensus
Company says it is well positioned for sustainable, profitable growth
Result Drivers
INSURANCE RECOVERY - Insurance revenue rose 4% as car insurance headwinds eased and AI enhancements improved customer savings, per co
MEMBER-BASED GROWTH - SuperSaveClub membership surpassed 2.5 mln, now 19% of group revenue, driving higher engagement and revenue per user, per co
PRODUCT INNOVATION - Launches of AI-enabled products and new services, including Investments by MoneySuperMarket and Business Banking, diversified revenue streams, per co
Company press release: ID:nRSU1117Na
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 227.10 mln |
|
H1 Adjusted EBITDA |
| GBP 75.50 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Mony Group PLC is GBp230.00, about 12.6% above its July 20 closing price of GBp204.20
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)