Moonpig reaffirms full-year guidance as active customer base continues to grow
Moonpig Group has reaffirmed its annual guidance as it stated that trading has been in line with expectations in its current financial year, which began on 1 May.
The online greeting card and gifting business said revenue growth is being driven by both the number of orders and average order value, as its active customer base continues to grow. It said average order value is increasing through product upsell and modest growth in gift attach rate.
Subscribe to TRBIt said its Netherlands-based business, Greetz is continuing to deliver modest year-on-year growth, while its Experiences offering is increasing its online gross transaction value after a strengthening of its product range. While Experiences revenue remains lower year-on-year, Moonpig expects it to move into year-on-year growth during the second half of the financial year.
Moonpig is aiming for mid-to-high single digit percentage annual revenue growth and an adjusted EBITDA margin of 25% to 27% across the group in its full year.
Catherine Faiers, Moonpig Group chief executive, said: “I am pleased with the progress we have made in the year to date and the disciplined execution of our strategy across the group.
“Customers continue to choose us to help them recognise life’s important moments, reflecting the ongoing relevance of Moonpig’s proposition.
“We are focused on investing in our platform, brands and customer experience while delivering sustainable, profitable growth. We remain confident in our outlook for the year.”
