Moonpig Group Plc (MOON.L), an online greeting card and gifting platform, said on Thursday that it expects an increase in annual revenue. In addition, the company noted that it intends to start a new program to repurchase 60 million pounds of shares, which is expected to commence in 2026.
For the 12-month period to April 30, Moonpig anticipates a double-digit percentage growth in annual adjusted earnings per share. The Group also projects a stronger than expected full-year adjusted EBITDA margin, to be at the top end of its 25 to 27 percent guidance range.
Helped by strong sales, for the full year, the Group expects revenue of 350 to 353 million pounds. Last year, the company had recorded revenue of 341.1 million pounds.
Nickyl Raithatha, CEO of Moonpig Group, said: "As we look ahead, we remain well positioned to benefit from the long-term structural shift to online and to deliver mid-teens percentage growth in adjusted earnings per share over the medium-term."
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