Mony Group (MONY)

Sector:

IT Services

Index:

FTSE 250

210.60p
   
  • Change Today:
    -3.00p
  • 52 Week High: 238.00
  • 52 Week Low: 181.60
  • Currency: UK Pounds
  • Shares Issued: 532.43m
  • Volume: 455,797
  • Market Cap: £1,121.29m
  • RiskGrade: 149
  • Beta: 0.01

Mony Group confident despite third-quarter revenue slip

By Josh White

Date: Wednesday 16 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Mony Group reported a 2% year-on-year decline in third-quarter revenue in a trading update on Wednesday, largely due to underperformance in its travel and home services divisions.
The FTSE 250 company, which owns brands including MoneySupermarket, said total revenue for the quarter amounted to £112.9m, with growth in the insurance and cashback segments offset by weaker results elsewhere.

Insurance revenue rose 1% to £62.7m, reflecting disciplined management in a competitive pay-per-click (PPC) market.

The firm said it faced a tough comparison with the third quarter of 2023, when car insurance premiums peaked.

In the money division, credit card switching remained strong, but current account switching slowed due to fewer attractive offers, leading to a 4% decline in revenue to £24.2m.

Home services revenue fell 8%, driven by reduced demand for broadband and fewer mobile handset launches.

Meanwhile, travel saw a 15% drop in revenue, primarily due to lower conversion rates in car hire.

Cashback delivered modest growth of 2%, supported by continued member growth and strong insurance performance within the segment.

Strategically, Mony Group's SuperSaveClub - a member-based loyalty and rewards programme - continued to expand, and now boasted over 750,000 members.

The addition of single-trip travel insurance to the programme was aimed at encouraging more frequent member engagement, complementing the 11 products now offered through the club.

Despite the challenges, Mony Group said it was still confident in its full-year outlook, with the board expecting results to meet current market expectations.

The company reiterated its guidance of no significant energy-related revenue in 2024.

"We delivered a solid financial performance in the quarter, in line with our expectations, while lapping the very strong performance last year," said chief executive officer Peter Duffy.

"I am also pleased with our continued strategic progress, especially in the SuperSaveClub which continues to grow with momentum, now reaching over 750,000 members."

At 1035 BST, shares in Mony Group were down 5.38% at 200.6p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Mony Group Market Data

Currency UK Pounds
Share Price 210.60p
Change Today -3.00p
% Change -1.40 %
52 Week High 238.00
52 Week Low 181.60
Volume 455,797
Shares Issued 532.43m
Market Cap £1,121.29m
Beta 0.01
RiskGrade 149

Mony Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.8% below the market average72.8% below the market average72.8% below the market average72.8% below the market average72.8% below the market average
48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average
Price Trend
3.45% above the market average3.45% above the market average3.45% above the market average3.45% above the market average3.45% above the market average
12.94% above the sector average12.94% above the sector average12.94% above the sector average12.94% above the sector average12.94% above the sector average
Income
83.36% above the market average83.36% above the market average83.36% above the market average83.36% above the market average83.36% above the market average
92.59% above the sector average92.59% above the sector average92.59% above the sector average92.59% above the sector average92.59% above the sector average
Growth
18.97% above the market average18.97% above the market average18.97% above the market average18.97% above the market average18.97% above the market average
8.86% above the sector average8.86% above the sector average8.86% above the sector average8.86% above the sector average8.86% above the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 4
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Mony Group Dividends

  Latest Previous
  Final Interim
Ex-Div 10-Apr-25 01-Aug-24
Paid 16-May-25 09-Sep-24
Amount 9.20p 3.30p

Trades for 28-May-2025

Time Volume / Share Price
16:35 189,611 @ 210.60p
16:35 1 @ 210.60p
16:35 1,297 @ 210.60p
16:35 524 @ 210.60p
16:35 1,685 @ 210.60p

Mony Group Key Personnel

CEO Peter Duffy
Chair Jonathan Bewes

Top of Page