Tonies SE Reports Strong Q3 Growth Driven by New Product Launch

tonies SE has reported a significant growth in its Q3 results, surpassing expectations. Group sales increased by 52% year-on-year, reaching €145 million, outperforming the expected €124 million. This notable recovery followed a modest 16% growth in the previous quarter. The introduction of the Toniebox 2 (TB2) played a crucial role, with sales rising by 59% year-on-year to €40 million, due to inventory restocking after a decline in the earlier quarter.

Revenue in the DACH region rose by 45% year-on-year to €61 million, while North America experienced a 47% increase to €54 million. Other regions witnessed an 83% growth, reaching €30 million. Figurine sales also surged by 48% year-on-year, driven by new launches.

While the company aims to achieve its annual sales target of more than €600 million, minor challenges such as FX headwinds and potential demand shifts are anticipated. However, the robust performance of TB2 and strategic international scaling support a continued 'BUY' rating with a target price of €11.00.