Tonies edges lower as H1 cash flow disappoints some investors
20/08/2026 11:15
BUZZ-Tonies edges lower as H1 cash flow disappoints some investors ** Shares in Luxembourg-based children's audio platform Tonies TNIE.DE slip 1.5% after a soft cash flow performance in the first half of 2026 cast a shadow over better-than-expected sales and earnings
** Analyst Oliver Wojahn from mbw research says H1 cash flow was slightly disappointing due to inventory build-up ahead of new product launches, but added he expected this to reverse in H2
** Metzler analysts say Q2 sales of €117 million ($137 million) beat consensus of €108 million, with H1 adjusted EBITDA also exceeding expectations
** Including Thursday's fall, the shares are up 16% YTD
($1 = 0.8543 euros)
(Reporting by Kira Britten)