“Transformational” year for Moonpig with 125% pre-tax profit growth

Greetings cards and gifts online retailer Moonpig has announced it has seen a “transformational” year in terms of sales performance.

In its trading update for the year ending April 30 2021, the company saw its pre-tax profits rise by 125 per cent.

The firm’s revenue more than doubled in the period compared with the previous year, with EBITDA growth of more than 107 per cent to £92.1m.

Nickyl Raithatha, Moonpig CEO, commented: “The past year was a milestone year for Moonpig Group as we accelerated the delivery of our strategy to become the ultimate gifting companion, doubled both revenue and Adjusted EBITDA, dispatched over 50 million customer orders and floated on the London Stock Exchange.

“In the past year we have delivered an enduring transformation and step-change in the scale of our business.

“The long-term growth opportunity remains vast, with the majority of the card and gifting market still offline, and we have never been in a better position to capture this growth.”

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