Tonies fires on all cylinders - NuWays AG Research
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Tonies fires on all cylinders - NuWays AG Research

Tonies released final FY25 figures and its FY26 guidance, underpinning the company’s position as the category leader of screen-free entertainment for kids with the largest customer base worldwide.

We confirm our BUY rating with a raised € 14.5 (old: € 14) PT based on DCF as we raise our long-term EBIT margin to 11%.
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