Moonpig to meet full-year guidance despite market challenges
However, it reiterated that given the economic headwinds in gifting, it remains committed to delivering its transformation plan
Moonpig has revealed that it expects to hit its guidance for FY25 despite the ongoing “challenging environment” and consumers pulling back on larger gifting items.
In a trading update, it said it expects revenue growth to be at a mid-to-high single digit percentage rate, underpinned by growth in orders within the Moonpig brand.
Furthermore, its medium-term targets remain unchanged, with the company targeting double digit percentage annual revenue growth.
It is also expecting an adjusted EBITDA margin rate of approximately 25% to 26% and growth in adjusted earnings per share at a mid-teens percentage rate.
The company stated that growth has been underpinned by consistent strong sales and orders performance at Moonpig, and is supported by steady growth within the Greetz brand.
However, it reiterated that given the economic headwinds in gifting, it remains committed to delivering its transformation plan.
Nickyl Raithatha, CEO, said: “Our ongoing investment in technology innovation and AI means that Moonpig Group is now consistently delivering year-on-year growth in revenue, profit and cash flow, driving sustained positive momentum in our trading performance. We are committed to innovation to attract and retain loyal customers and remain well positioned to benefit from the long-term structural market shift to online.”
