tonies SE: Q1 revenues in line, guidance confirmed
This morning, tonies reported Q1 revenues. At 37% yoy growth, the company is well on track to meet its reconfirmed revenue guidance of 33% growth to EUR 250m in FY22.
The full update is avaible on:
What's it all about ?
This morning, tonies reported Q1 revenues. At 37% yoy growth, the company is well on track to meet its reconfirmed revenue guidance of 33% growth to EUR 250m in FY22. Main growth driver in Q1 was the international business. Going forward, the two most important factors to watch will be the impact of the price hikes effective May 1st in the DACH region and the further development of the competitive situation with yoto in the international business, especially in the U.S. and the UK. On unchanged estimates, we reiterate to BUY with PT of EUR 11,50.
https://www.research-hub.de/disclaimer