Moonpig Group plc (LSE:MOON) has maintained its financial outlook for the 2027 financial year, reporting that trading since the start of the period has been in line with management expectations.
The online greeting cards and gifting company said revenue growth at its core Moonpig brand was supported by higher order volumes, an expanding active customer base and an increase in average order values.
Average order values benefited from product upselling and a modest rise in the proportion of card purchases accompanied by gifts.
Moonpig is continuing to implement its multi-year strategy to expand delivery options, including value-focused services and premium next-day delivery.
The group’s Netherlands-based Greetz business recorded modest year-on-year growth, contributing to the overall trading performance.
Within the Experiences segment, online gross transaction value increased as the company expanded and developed its product offering.
However, reported revenue in the division remained lower, reflecting the planned withdrawal from certain retail partnerships and the reinvestment of commissions.
Moonpig expects Experiences revenue to return to growth during the second half of the financial year.
The company reiterated its medium-term financial framework, which targets annual revenue growth in the mid-to-high single digits, an adjusted EBITDA margin of between 25% and 27%, and double-digit growth in adjusted earnings per share.
Moonpig also confirmed that its share buyback programme remains ongoing.
The group operates online greeting card and gifting platforms through the Moonpig, Red Letter Days and Buyagift brands in the UK and Greetz in the Netherlands.
Its product offering includes personalised greeting cards, gifts and experiences, supported by proprietary technology and mobile applications.
The unchanged FY27 guidance reflects management’s current expectations for the year, including continued growth at the core Moonpig brand and an anticipated recovery in Experiences revenue during the second half.
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