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Gocompare profits swell by a fifth after 'disciplined' year

Mar 01, 2018 - City A.M.

ANNUAL profits at price comparison site Gocompare grew by a fifth, it was announced yesterday.

Insurance grandee and Gocompare founder Sir Peter Wood said 2017 marked a "disciplined approach" to growth.

Revenue was 5.1 per cent higher at £149.2m. Adjusted operating profit grew 20 per cent to £36m.

Hargreaves Lansdown equity analyst Nicholas Hyatt said: "The group's prodigious cash flow has seen leverage tumble despite the group embarking on a programme of strategic investment...