Here is a summary of the text
Moonpig Group plc, a leading online greeting card and gifting platform, has provided an update on its capital allocation strategy and announced a capital markets day event. The Group introduces a dividend policy with a target dividend cover of 3-4x and plans to pay a total dividend of ยฃ10 million for FY25, with the first dividend expected in March 2025. They also announce a share buyback programme of up to ยฃ25 million, set to commence in early November 2024.
Moonpig Group prioritizes organic investment in technology and marketing for growth and will consider M&A opportunities with high strategic and financial returns. They aim to maintain a net leverage ratio of ~1.0x over the medium term while returning excess capital to shareholders.
The capital markets day event will focus on the Groups strategy for technology-driven growth, medium-term revenue growth targets, customer cohort performance, technology and data usage, and financial framework. Management reiterates FY25 revenue growth guidance and medium-term targets, with no update on current trading provided.
The Groups customer proposition includes personalized cards, curated gifts, and next-day delivery, offered through its technology platforms and apps. Moonpig Group cautions that forward-looking statements are subject to risks and uncertainties, including general economic conditions and industry-specific factors.
I'm sorry, but the text provided does not contain any financial or debt information for consecutive years that can be compared and presented in an HTML table. However, I can extract some financial information from the provided text: ## Financial Information: - The Group targets operating with net leverage of approximately 1.0x over the medium term, with flexibility to exceed this as needed.
- Dividend policy: Commits to a robust dividend cover of 3x to 4x in the medium term. - Total FY25 dividend expected to be ยฃ10 million, with growth aligned with Adjusted Earnings Per Share.
- Share buyback programme: Announcing their first buyback programme, returning up to ยฃ25 million, expected to begin in early November 2024.
- Medium-term targets: Double-digit percentage annual revenue growth, an Adjusted EBITDA margin rate of 25% to 26%, and growth in Adjusted earnings per share at a mid-teens percentage rate. Please note that the information provided is as of October 2024, as mentioned in the text.