Moonpig Group PLC (LSE:MOON) will look for M&A. Andy MacKinnon Chief Financial Officer said during the full year results presentation, "We'll continue to prioritize organic investments to drive growth, and we will consider value-added M&A opportunities, but with a high threshold for both strategic and financial returns. Given our consistent strong operating cash generation and the progress being made with deleveraging, we will also have the financial flexibility to consider returning excess capital to shareholders".