REG - Moonpig Group plc - Trading update and £65m share buyback

MoonpigAnnouncement

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RNS Number : 0335X  Moonpig Group plc  18 March 2026

18 March 2026

Moonpig Group plc

Continued strong profit performance and cash generation

New £65m share buyback announced

Moonpig Group plc (the "Group"), the leading online greeting card and gifting
platform in the UK and the Netherlands, today provides an update on trading
for the current financial year ending 30 April 2026.

 

Overall, the Group has continued to trade in-line with expectations through
the second half of the year and we expect to deliver our FY26 guidance of
mid-single digit percentage growth in Group Adjusted EBITDA. We anticipate
growth in Adjusted earnings per share to be at the top-end of our guidance of
8% to 12% growth, supported by strong free cash flow generation and the
accretive impact of buybacks.

 

We expect Moonpig to deliver high single digit percentage revenue growth for
the full year. Greetz has maintained low single digit percentage revenue
growth in constant currency and continues to benefit from foreign exchange
translation on a sterling basis. Experiences has traded slightly ahead of our
previous expectations and we anticipate a mid-single digit percentage revenue
decrease for the full year.

 

We are on course to complete £60 million of FY26 share buybacks by financial
year-end. Our balance sheet remains strong, with leverage expected to be
c.1.1x Adjusted EBITDA as at 30 April 2026. Reflecting both our continued
strong free cash flow generation and confidence in the outlook for the Group,
the Board announces its intention to commence a further share buyback of up to
£65 million in FY27.

 

Catherine Faiers, CEO, commented:

 

"Having joined the Group at the start of March, I have spent my first weeks
meeting teams across the UK and the Netherlands and immersing myself in the
business. I have been particularly struck by the strength of our brands, the
commitment of our colleagues and the depth of capability across the
organisation.

 

Moonpig benefits from a compelling customer proposition and leading market
positions in online greeting cards and gifting. Looking ahead, I see a clear
opportunity to build on our proprietary data and strong customer relationships
to become even more relevant to customers and inspire even greater creativity
in how people celebrate and connect.

 

With our strong brands, loyal customer base and highly cash generative model,
I am confident the Group is well positioned to deliver sustained growth over
the years ahead."

 

Enquiries

 

 Brunswick Group                            +44 20 7404 5959, moonpig@brunswickgroup.com
 Tim Danaher

 Moonpig Group                              investors@moonpig.com, pressoffice@moonpig.com
 Catherine Faiers, Chief Executive Officer
 Andy MacKinnon, Chief Financial Officer

 

 

Next scheduled event

 

On 25 June 2026, Moonpig Group will announce its full year results for the
year ending 30 April 2026.

 

 

About Moonpig Group

 

Moonpig Group plc (the "Group") is a leading online greeting cards and gifting
platform, comprising the Moonpig, Buyagift and Red Letter Days brands in the
UK and the Greetz brand in the Netherlands. The Group is the online market
leader in cards in both of its markets and is also the UK market leader in
gift experiences.

 

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/
(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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