Moonpig expects its pro forma sales to nudge up by a low single digit percentage for its first half, as customers make use of its new features.
The online card company attributed the rise to the Moonpig brand which remains in growth, despite the continued challenging macroeconomic environment experienced by the business.
New additions to the retailer include its UK Moonpig Plus subscription service, the Greetz app in the Netherlands, and creative card features, such as video messages, across both brands.
Moonpig noted work to re-platform its Experiences business was progressing well, while several segments of the user journey had already been upgraded.
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The business said it expected consolidated sales growth at a mid to high single digit percentage rate for its full financial year, with all its brands returning to growth during the second half.
Meanwhile, Moonpig said it expected its adjusted EBITDA margin to remain resilient and claimed its trading remained in line with expectations.
The news comes ahead of the group’s annual general meeting today, looking at its performance for the year beginning 1st May 2023.
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