Moonpig revenues and profits slide against lockdown comparables

Moonpig screengrab

Moonpig has posted a dip in revenues and sales as customer spend dropped in line with easing restrictions.

Adjusted EBITDA for the six months to October 31 fell 15.1% to £35m, while revenues dipped by 8.5% to £142m.

Moonpig attributed this to tough comparables in the height of UK lockdown last year, when customer spend was forced online.

The greetings card specialist recorded revenues up 115% on a two-year basis, however, which it said was indicative of significant growth of its customer base, higher purchase frequency and the growth of its gifting division.

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