Moonpig Group (MOON)

Sector:

Retailers

Index:

FTSE 250

379.20p
   
  • Change Today:
      6.00p
  • 52 Week High: 488.40
  • 52 Week Low: 365.00
  • Currency: UK Pounds
  • Shares Issued: 342.11m
  • Volume: 228,536
  • Market Cap: £1,297.29m

Moonpig profits, revenue double as Covid lockdowns benefit

By Frank Prenesti

Date: Tuesday 27 Jul 2021

LONDON (ShareCast) - (Sharecast News) - UK online greeting card company Moonpig doubled revenue and profits in its maiden results as a listed company but warned of a fall in sales in the coming months as Covid restrictions were eased.
The company on Tuesday said it had benefited from a slow lifting of Covid lockdown in its main UK and Netherlands markets as High Street rivals were forced to shutter physical stores.

Revenue more than doubled to around £368m in the year to April 30. Pre-tax profit rose 3% to £32.9m after £42m in stock market flotation costs. Core adjusted earnings rose 107% to £92.1m.

Greeting card sales soared as the company both attracted new customers and won more businesses from previous customers during lockdowns.

However, the company said sales were "starting to normalise" from the high levels seen during Covid. Revenue is expected to drop to between £250m -£260m during the current financial year, although still 45% - 50% higher than before the pandemic struck.

The new year had started "moderately ahead" of expectations, consistent with the slower lifting of lockdown restrictions in the UK and the Netherlands.

"As society emerges from lockdown, and certain customer behaviours such as purchase frequency start to normalise, we will see a reduction in headline revenue," the company said.



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Moonpig Group Market Data

Currency UK Pounds
Share Price 379.20p
Change Today 6.00p
% Change 1.61 %
52 Week High 488.40
52 Week Low 365.00
Volume 228,536
Shares Issued 342.11m
Market Cap £1,297.29m

Moonpig Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
70.91% below the sector average70.91% below the sector average70.91% below the sector average70.91% below the sector average70.91% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
32.00% above the sector average32.00% above the sector average32.00% above the sector average32.00% above the sector average32.00% above the sector average

Moonpig Group Dividends

No dividends found

Trades for 21-Sep-2021

Time Volume / Share Price
16:35 95,202 @ 379.20p
16:29 1 @ 379.59p
16:28 7 @ 379.40p
16:28 13 @ 379.40p
16:28 13 @ 379.40p

Moonpig Group Key Personnel

CEO Nickyl Raithatha
CFO Andy MacKinnon

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