Moonpig lifts dividend as FY profits, revenue rise

(Sharecast News) - Moonpig backed its outlook for 2027 on Thursday as it reported a rise in full-year profit and revenue and lifted its dividend.

In the year to the end of April, adjusted pre-tax profit increased 13.4% to £76.5m on revenue of £373m, up 6.5% on the previous year.

The online greeting cards and gifts retailer said revenue was driven by sustained new customer acquisition and growth in average order value. The Moonpig brand delivered revenue growth of 8.5%, while Dutch business Greetz returned to modest constant currency revenue growth, of 1.5%.

Adjusted earnings before interest, tax, depreciation and amortisation rose 8.1% to £104.6m and the company declared a dividend of 3.75p a share, up from 3p a year earlier. Adjusted earnings per share were 19% higher at 18p.

Moonpig said trading since the start of the year has been in line with expectations and its outlook for FY27 remains unchanged.

Chief executive Catherine Faiers said: "These results demonstrate the strength of Moonpig Group's brands, customer proposition and business model. The group delivered good growth in revenue, profitability and cash generation whilst continuing to invest in the capabilities to support our future ambition. This performance reflects the hard work, commitment and execution of our outstanding teams across the business.

"Since joining the business in March, my conviction in the opportunities ahead has only grown. At its heart, Moonpig Group helps people to build and maintain meaningful relationships and in an increasingly digital world, that role feels more relevant than ever."

See latest RNS on Investegate