MoonPig made a adjusted profit before the £92 million tax
MoonPig confirmed Tuesday that both annual sales and profits have doubled for the greeting card company that released its first result set since the February IPO.
The company said it benefited from increased spending during the pandemic.
– Advertising –
MoonPig revenues rose to £368 million per year by April, up 113% compared to 12 months ago.
The company made a adjusted profit before taxes of £902 million, up from £44 million the previous year.
MoonPig’s profit level was at the top of the guidance established when it came to the market in February.
However, MoonPig’s share price fell 6% on Tuesday to 399.1 points per share.
The online retailer said it will continue to expand as it retains customers it acquired over the past year.
The group invests in marketing and market share capture to prioritize beyond profit margins, bringing annual revenue growth to approximately 15% and adjusted basic profit margin (EBITDA) margin of 24-25% in the medium term. Masu.
“Our customer suggestions continue to improve with card enhancements and gift scope, and more delivery options than ever,” says Nickyl Raithatha, CEO of MoonPig. .
“The long-term growth opportunities remain enormous, and the majority of the card and gift market is still offline and we have never been in a better position to acquire this growth.”
The following year, sales are expected to rise by half, reaching between £250 million and £260 million.
