Online cards specialist Moonpig has reported “continued strong profit performance and cash generation”.
Moonpig bosses expect to achieve “high single-digit percentage revenue growth” in the year ending April 30, 2026.
After trading in line with expectations in the second half, the retailer will deliver on guidance of “mid-single-digit percentage growth” in group adjusted EBITDA.
New chief executive Catherine Faiers said: “Having joined the group at the start of March, I have spent my first weeks meeting teams across the UK and the Netherlands and immersing myself in the business. I have been particularly struck by the strength of our brands, the commitment of our colleagues and the depth of capability across the organisation.
“Moonpig benefits from a compelling customer proposition and leading market positions in online greeting cards and gifting. Looking ahead, I see a clear opportunity to build on our proprietary data and strong customer relationships to become even more relevant to customers and inspire even greater creativity in how people celebrate and connect.
“With our strong brands, loyal customer base and highly cash-generative model, I am confident the group is well positioned to deliver sustained growth over the years ahead.”
The retailer said that, “reflecting both our continued strong free cash flow generation and confidence in the outlook”, it will undertake a share buyback of up to £65m in the new financial year. That follows buybacks of £60m expected to be completed by the end of the year now closing.
No comments yet