Moonpig Group plc AGM Trading Update (8281M)
September 19 2023 - 1:00AM
UK Regulatory
TIDMMOON
RNS Number : 8281M
Moonpig Group plc
19 September 2023
19 September 2023
Moonpig Group plc
AGM Trading Update
Moonpig Group plc (the "Group"), the leading online greeting
card and gifting platform in the UK and the Netherlands, is holding
its Annual General Meeting today. In advance of this, the Group
provides an update on its performance for the current financial
year (commencing 1 May 2023) to date.
Trading remains in line with expectations and we reiterate
existing guidance. We continue to deliver innovation for our
customers and are encouraged by adoption levels for new features,
including our Moonpig Plus subscription service in the UK, the
Greetz app in the Netherlands, and creative card features, such as
video messages, across both brands. The work to re-platform our
Experiences business is progressing well, with several segments of
the user journey already upgraded.
In the context of the continued challenging macroeconomic
environment, we continue to expect pro forma revenue to grow at a
low single digit percentage rate in the first half of the current
financial year, underpinned by the Moonpig brand, which remains in
growth. For the full financial year, we continue to expect
consolidated revenue growth at a mid to high single digit
percentage rate, with all our brands returning to growth in the
second half. Adjusted EBITDA margin is expected to remain
resilient.
Enquiries
Brunswick Group +44 20 7404 5959
Sarah West, Fiona Micallef-Eynaud, Sofie Brewis moonpig@brunswickgroup.com
Moonpig Group
Nickyl Raithatha, Chief Executive Officer investors@moonpig.com, pressoffice@moonpig.com
Andy MacKinnon, Chief Financial Officer
About Moonpig
Moonpig Group plc (the "Group") is a leading online greeting
cards and gifting platform, comprising the Moonpig, Red Letter Days
and Buyagift brands in the UK and the Greetz brand in the
Netherlands. The Group's leading customer proposition includes an
extensive range of cards, a curated range of gifts, personalisation
features and next day delivery offering.
The Group offers its products through its proprietary technology
platforms and apps, which utilise unique data science capabilities
designed by the Group to optimise and personalise the customer
experience and provide scalability. Learn more at
https://www.moonpig.group/.
Forward Looking Statements
This announcement contains certain forward-looking statements
with respect to the financial condition, results or operation and
businesses of Moonpig Group plc. Such statements and forecasts by
their nature involve risks and uncertainty because they relate to
future events and circumstances. There are a number of other
factors that may cause actual results, performance or achievements,
or industry results, to be materially different from those
projected in the forward-looking statements.
These factors include general economic and business conditions;
changes in technology; timing or delay in signing, commencement,
implementation and performance of programmes, or the delivery of
products or services under them; industry; relationships with
customers; competition; and ability to attract personnel. You are
cautioned not to rely on these forward-looking statements, which
speak only as of the date of this announcement. We undertake no
obligation to update or revise any forward-looking statements to
reflect any change in our expectations or any change in events,
conditions or circumstances.
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END
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