Moonpig Group (MOON) Trading update summary

Trading performance and outlook

• Trading since the start of FY27 has met expectations, with no change to the full-year outlook.

• Revenue growth is supported by both increased order volume and higher average order value.

• Active customer base continues to expand, and product upsell is driving higher average order values.

• Greetz brand is achieving modest year-on-year growth in both reported and constant currency terms.

• Experiences segment expects revenue to return to year-on-year growth in the second half after a managed exit from certain partnerships.

Strategic initiatives and financial framework

• Multi-year strategy focuses on expanding delivery options, including value-based and premium next-day services.

• Financial targets include mid- to high single-digit annual revenue growth and an Adjusted EBITDA margin of 25% to 27%.

• Aims for double-digit growth in Adjusted EPS and continued share buybacks.

• Ongoing investment in platform, brands, and customer experience to support sustainable, profitable growth.

Management commentary

• Leadership expresses satisfaction with year-to-date progress and disciplined strategy execution.

• Confidence maintained in the outlook for the remainder of the year.