Admiral CEO warns of aggregator slowdown despite Confused profit

henry-englehardt

The Admiral-owned aggregator's 2012 profit came in at £18.2m, up on the £16.1m posted for 2011, while revenue also rose 7% to hit £82.7m (2011: £77.6m). 

Confused's operating margin improved marginally to 22% in 2012 (2011: 21%) and its revenue from non-car insurance comparison sources continued to represent about one fifth of total revenue.

The news came as the provider reported an increase in group pre-tax profits to £345m for 2012.

Commenting on the aggregator's performance, Mr Engelhardt

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