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)
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See all newsTonies rises on upbeat medium-term targets
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