Moneysupermarket.com’s position remains ‘strong’

PRICE-COMPARISON website Moneysupermarket.com has today confirmed that its results for the past year of trading are expected to be in line with expectations.

The Chester-based company stated in November that its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) are expected to be around £36m.

A statement issued by the company, which was founded by entrepreneur Simon Nixon,  makes it clear that it has not revised its figures over the past two months.

It said: “The group’s financial position is strong with no debt and cash balances of £54m as at 31 December 2009.”

Moneysupermarket.com’s results will be published on 24 February.