tonies CMD confirms BUY thesis: sales to double to >€ 1.4bn by FY30e, Toniebox lite due H2, Bluey deal widens content moat. PT raised to € 18.5 (from € 14.5) as mid-term margin guidance was clearly ahead of our estimates.
19 Jun 2026
CMD unboxes a global success story; PT UP
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CMD unboxes a global success story; PT UP
tonies CMD confirms BUY thesis: sales to double to >€ 1.4bn by FY30e, Toniebox lite due H2, Bluey deal widens content moat. PT raised to € 18.5 (from € 14.5) as mid-term margin guidance was clearly ahead of our estimates.