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Evening Standard
Evening Standard
Business
Mark Banham

Moonpig revenues slip as customers return to high street

Moonpig floated on the London Stock Exchange last year with a £1.2 billion valuation

(Picture: Moonpig)

Online greeting cards retailer Moonpig has reported a fall in revenue in its first year as a listed company as customer lockdown habits look to have waned as the country opened up again following the coronavirus pandemic.

In its annual results to 30 April, year on year revenues dropped 17.3% from £368.2 million to 304.3 million, while adjusted profit before tax fell from £74.6 million to £51.5 million, a drop of around 30%.

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