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TNIE Tonies SE News Story

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Tonies rises on upbeat medium-term targets

BUZZ-Tonies rises on upbeat medium-term targets

** Tonies TNIE.DE shares rise 3.2% after the interactive audio platform maker released higher-than-expected medium-term targets

** The company expects to more than double group revenue to over €1.4 bln, and guides for an adj. EBITDA margin of 16-18% in medium term vs Metzler expectations of €1.39 bln and 15.3%, respectively

** "Overall, we view the print as pointing to earnings upside that is roughly 16% above 2030 consensus estimates," Metzler says, expecting positive stock move


(Reporting by Amir Orusov)

((Amir.orusov@thomsonreuters.com))

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