Moneysupermarket said strong trading in the fourth quarter of 2011 has resulted in good results for the company.
They estimated that last years revenue will be around £178 million, up about 20% on the year before (£148.9 million in 2010). They expect earnings before interest, tax, depreciation and amotization to be around £49.5 million, an increase of 21% on last years £41 million.
The UK based financial services comparison site said high marketing spend in the fourth quarter resulted in a 19% increase in revenue for the term compared to the year before.
Analysts at Numis and Credit Suisse were predicting core earnings of 49.8 million pounds, Numis increasing its forecast after the company’s third quarter results in November.
The company said that at December 31 last year they had cash balances of £34.9 million and no debt.
