Greetings card maker Moonpig on Wednesday lowered full-year sales forecasts as it warned that trading conditions had become “progressively more challenging” through October and November and Royal Mail Strikes had also hit orders.
The company on Wednesday said it now expected full-year revenue to be approximately £320m, down from a previous forecast of £320m. Interim pre-tax profits fell 51.2% to £9.1m on flat sales of £142.8m.
“Trading at Moonpig and Greetz reflected the more challenging conditions seen from October onward and was also impacted in the UK by industrial action at Royal Mail during September and October, which affected last-minute card-only orders around each strike day” the company said.
Reporting by Frank Prenesti for Sharecast.com
