Tonies Registered (A) Achieves 40% YoY Revenue Growth, EBITDA Profitability; Positive Cash Flow Expected by 2024

• Tonies SE achieved EBITDA profitability and a substantial revenue growth of 40% YoY in 2023, with a positive free cash flow expected for 2024.
• Group revenue increased by 39.7% to EUR 360.9m in 2023, driven by international expansion.
• Revenue in North America more than doubled to EUR 140.4m in 2023, fueled by successful wholesale expansion and direct-to-consumer sales.
• The company became profitable with an adjusted EBITDA margin of 4.0% and an EBITDA margin of 2.4% in 2023.
• For 2024, Tonies expects group revenue of above EUR 480 million, North America revenue of above EUR 200 million, adjusted EBITDA margin within a 6-8% range and free cash flow above EUR 10 million.
• The company plans to continue its international expansion, with Australia and New Zealand being added to the Tonies map in 2024.

The next important date, Quarterly report, at tonies Registered (A) is on 11.04.2024.

The price of tonies Registered (A) at the time of the news was 5,2400EUR and was up +2,75 % compared with the previous day.
17 minutes after the article was published, the price was 5,3400EUR this corresponds to a plus of +1,91 % since publication.

tonies Registered (A)

-3,04 %

-3,04 %

+7,03 %

+4,45 %

-5,20 %

-47,42 %

ISIN:LU2333563281WKN:A3CM2W

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