Moonpig Group plc, the leading online greeting card and gifting platform in the UK and the Netherlands, has provided a trading update ahead of its Annual General Meeting. The company states that trading remains in line with expectations and reiterates its existing guidance. Moonpig has seen positive adoption levels for new features, including its Moonpig Plus subscription service in the UK, the Greetz app in the Netherlands, and creative card features such as video messages. The re-platforming of the Experiences business is progressing well, with several segments of the user journey already upgraded.
In terms of financial performance, Moonpig expects pro forma revenue to grow at a low single-digit percentage rate in the first half of the current financial year, supported by the growth of the Moonpig brand. For the full financial year, the company anticipates consolidated revenue growth at a mid to high single-digit percentage rate, with all brands returning to growth in the second half. The adjusted EBITDA margin is expected to remain resilient.
Moonpig Group plc is a leading online greeting cards and gifting platform, consisting of the Moonpig, Red Letter Days, and Buyagift brands in the UK, as well as the Greetz brand in the Netherlands. The company offers an extensive range of cards, curated gifts, personalization features, and next-day delivery. Moonpig utilizes proprietary technology platforms and apps to optimize and personalize the customer experience.