Nickyl Raithatha Steps Down as Moonpig Sees Growth Across Markets
- Moonpig CEO Nickyl Raithatha steps down after strong FY25 performance
- Revenue up 2.6% to £350.1m, driven by Moonpig brand and international growth
- Adjusted earnings per share up 18.1% to 15.0p
- Free cash flow increased 8.4% to £66.1m
- £25m share buyback in H2 FY25, plans for £60m repurchase in FY26
Moonpig CEO Nickyl Raithatha is set to step down after a successful seven-year tenure, with the company reporting strong financial results for FY25. Revenue increased by 2.6% to £350.1m, driven by an 8.6% rise in Moonpig brand revenue and growth in international markets such as the US, Australia, and Ireland. Adjusted earnings per share rose 18.1% to 15.0p, supported by investments in technology, data, and AI for customer personalisation. Free cash flow grew 8.4% to £66.1m, and a £25m share buyback was completed in H2 FY25 with plans for up to £60m repurchase in FY26. Raithatha expressed pride in leaving the company in a strong position, focusing on delivering sustained growth for shareholders.
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about Moonpig CEO Nickyl Raithatha’s departure and the company’s financial performance. It includes relevant details about his tenure, achievements during his leadership, and plans for the future. The article also mentions the company’s revenue growth, international expansion, and investments in technology. There is no sensationalism, redundancy, or personal perspective presented as a fact.
Noise Level: 3
Noise Justification: The article provides relevant information about the CEO stepping down and the company’s financial performance, as well as plans for the future. It also includes a quote from the outgoing CEO. However, it does not contain any misleading or irrelevant information, nor does it dive into unrelated topics.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses Moonpig’s financial performance, including revenue growth, adjusted earnings per share, and free cash flow, as well as plans for a £60m share buyback in FY26. It also mentions the CEO stepping down but does not directly impact financial markets or specific companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
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