18th Mar 2026 09:03
(Alliance News) - Moonpig Group PLC on Wednesday announced plans for a new GBP65 million share buyback amid strong cash flow generation and confidence in future prospects.
The London-based online greeting cards and gifting platform said the group has continued to trade in-line with expectations through the second half of the financial year which ends in April.
As a result, Moonpig expects to deliver full-year guidance of mid-single digit percentage growth in adjusted earnings before interest, taxes, depreciation and amortisation from GBP96.8 million in the year prior.
The FTSE 250 listing anticipates growth in adjusted earnings per share to be at the top-end of guidance of 8% to 12% growth, supported by strong free cash flow generation and the accretive impact of buybacks. This would be up from 15.0 pence the year before.
Further, Moonpig expects to deliver high single digit percentage revenue growth for the full year compared to GBP350.1 million a year ago.
Moonpig said it is course to complete GBP60 million of share buybacks by financial year-end.
"Our balance sheet remains strong," the firm added, with leverage expected to be 1.1 times adjusted Ebitda at April 30.
Reflecting continued strong free cash flow generation and confidence in the outlook for the group, Moonpig intends to commence a further share buyback of up to GBP65 million in financial 2027.
Shares in Moonpig rose 6.9% to 225.50p each in London on Wednesday morning.
Moonpig said Greetz has maintained low single digit percentage revenue growth in constant currency and continues to benefit from foreign exchange translation on a sterling basis.
Experiences has traded slightly ahead of previous expectations and the firm anticipates a mid-single digit percentage revenue decrease for the full year.
Chief Executive Catherine Faiers, who joined Moonpig at the start of March, said she has been "particularly struck by the strength of our brands."
"Moonpig benefits from a compelling customer proposition and leading market positions in online greeting cards and gifting. Looking ahead, I see a clear opportunity to build on our proprietary data and strong customer relationships to become even more relevant to customers," she added.
By Jeremy Cutler, Alliance News reporter
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