Moonpig earnings rise in ‘year of strong progress’

The online cards specialist reported sales up 6.5% to £373m in the year to April 23, when adjusted EBITDA rose 8.1% to £104.6m. 

Moonpig chief executive Catherine Faiers said: “These results demonstrate the strength of Moonpig Group’s brands, customer proposition and business model.

“The group delivered good growth in revenue, profitability and cash generation whilst continuing to invest in the capabilities to support our future ambition. This performance reflects the hard work, commitment and execution of our outstanding teams across the business.

“Since joining the business in March, my conviction in the opportunities ahead has only grown. At its heart, Moonpig Group helps people to build and maintain meaningful relationships and in an increasingly digital world, that role feels more relevant than ever.

“What excites me most is the combination of trusted brands, rich proprietary customer data and differentiated operational capabilities that have been built over many years. Together they give us a more powerful foundation to deepen customer relationships, unlock more value across the group and deliver attractive returns for shareholders over the long term.”