The Mooneysupermarket Board has recommended an interim dividend of 3.1 pence per share (2020: 3.1p). This reflects the ongoing strong cash generation of the business, strong balance sheet and the Board's confidence in the future prospects of the Group.
The interim dividend will be paid on 3 September 2021 to shareholders on the register on 30 July 2021.
Other financial highlights include:
Strategy implementation on track with good progress made in attracting customers more efficiently and improving their data infrastructure
Revenue fell 11% due to Covid-19 market impacts and challenging energy market dynamics
Gross margin was up c.3%pts driven by more efficient customer acquisition and improved conversion in Money
Adjusted EBITDA fell 18%, with operating costs in line with guidance
Strong cash conversion: £35.1m operating cashflow with net cash £8.8m at 30 June 2021