Business
Results for the six months ended 31 October 2021
Results for the six months ended 31 October 2021.
About this update from Moonpig Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0454V\n Moonpig Group plc\n 09 December 2021\n \n \n \n \n \n \n \n \n 9 December 2021\n \n \n \n \n \n MOONPIG GROUP PLC\n \n \n HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 31 OCTOBER 2021\n \n \n \n \n \n Strong half year results and the Group's highest ever gifting share of total revenue\n \n \n \n \n \n \n \n \n \n \n \n Summary H1 FY22 financial results\n \n \n \n \n \n \n \n \n £m \n \n \n Six months to\n 31 October 2021\n \n \n Six months to\n 31 October 2020\n \n \n Six months to\n 31 October 2019\n \n \n \n H1 FY22\n \n \n Year-on-year %\n \n \n \n \n H1 FY22\n \n \n Two-year growth %\n \n \n \n \n \n Group revenue\n \n \n \n 142.6 \n \n \n \n \n 155.9 \n \n \n \n \n 66.3 \n \n \n \n \n (8.5%)\n \n \n \n \n 115.2% \n \n \n \n \n \n Adjusted EBITDA1\n \n \n \n 35.0 \n \n \n \n \n 41.2 \n \n \n \n \n 15.0 \n \n \n \n \n (15.1%)\n \n \n \n \n 132.5% \n \n \n \n \n \n \n Adjusted EBITDA margin\n 1\n \n \n \n \n 24.5% \n \n \n \n \n 26.4% \n \n \n \n \n 22.7% \n \n \n \n \n (1.9%pts)\n \n \n \n \n 1.8%pts \n \n \n \n \n \n Reported profit before tax\n \n \n \n 18.7 \n \n \n \n \n 33.0 \n \n \n \n \n 9.4 \n \n \n \n \n (43.2%)\n \n \n \n \n 99.7% \n \n \n \n \n \n Adjusted profit before tax1\n \n \n \n 24.1 \n \n \n \n \n 34.8 \n \n \n \n \n 9.8 \n \n \n \n \n (30.6%)\n \n \n \n \n 147.0% \n \n \n \n \n \n Basic earnings per share (pence)2\n \n \n \n 4.5p \n \n \n \n \n N/A \n \n \n \n \n N/A\n \n \n \n \n N/A\n \n \n \n \n N/A \n \n \n \n \n \n Net debt\n \n \n \n (113.0)\n \n \n \n \n (30.9)\n \n \n \n \n (33.9)\n \n \n \n \n (265.4%)\n \n \n \n \n (233.0%)\n \n \n \n \n \n \n 1 Before adjusting items of £5.4m in H1 FY22 and £1.8m in H1 FY21. See definition of Alternative Performance Measures below.\n \n \n 2 Earnings per share not disclosed for periods arising prior to the Group's formation as a result of the pre-IPO restructuring in February 2021.\n \n \n 3 Two-year growth included to contextualise the short-term effect of Covid-19 upon trading.\n \n \n \n \n \n \n \n \n Results Summary\n \n \n · \n Revenue growth of 115% on a two-year basis, reflecting significant customer base growth, higher customer purchase frequency and growth in attached gifting.\n \n \n · \n Revenue and Adjusted EBITDA down 8.5% and 15.1% year-on-year res...