Moonpig Group has confirmed it remains on track to hit full-year expectations and announced a new share buyback programme worth up to £65 million.
The group said it expects to deliver mid-single digit percentage growth in adjusted EBITDA for the year ending 30 April 2026, in line with previous guidance.
Adjusted earnings per share growth is set to come in at the top end of its 8% to 12% target range, helped by strong free cash flow and the accretive effect of share buybacks.
On the top line, the core Moonpig brand is expected to post high single-digit revenue growth for the full year.
“The latest update from Moonpig Group Plc has clearly struck a chord, with shares jumping on the open. Trading remains firmly in line with expectations, with steady EBITDA growth and solid revenue momentum pointing to a business that continues to deliver without unpleasant surprises,” said Mark Crouch, market analyst for eToro.
Moonpig shares were 7% higher at the time of writing.
Its Dutch arm, Greetz, has maintained low single-digit growth in constant currency, with a further tailwind from sterling translation. The Experiences division has fared slightly better than feared but is still heading for a mid-single digit revenue decline.
The company is on course to complete £60 million of buybacks by the end of the current financial year, with leverage expected to sit at around 1.1 times adjusted EBITDA. The new £65 million programme will run through FY27, reflecting what the board called continued strong cash generation and a positive outlook for the business.
“Moonpig benefits from a compelling customer proposition and leading market positions in online greeting cards and gifting,” said Catherine Faiers, CEO.
“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.”