Tonies SE Sees Strong Q3 Growth with Toniebox 2 Launch

Tonies SE is set to release its Q3 financial results on November 13, with expectations of significant growth driven by the new Toniebox 2. Analysts predict a 41% year-on-year increase in Toniebox sales to €35 million. This follows a slow H1 as retailers awaited the new model. The accompanying sales of Tonies figurines are anticipated to grow by 27% to €85 million.

Regionally, the DACH area is projected to return to growth with a 20% year-on-year increase to €51 million. The Rest of the World segment continues its strong performance with an expected 75% increase due to expansions in the UK, France, and ANZ. North America is also expected to see growth of 22% to €45 million, aided by price adjustments to offset tariffs.

Tonies' strategy to move production to Vietnam minimizes tariff impacts, ensuring steady growth prospects. The Toniebox 2, with its expanded age range and new features, is set to be a key driver for future growth. The company maintains a strong BUY rating and a target price of €11.00.