28.04.2022 tonies SE  LU2333563281

DGAP-News: tonies SE exceeds expectations and closes the 2021 financial year with strong revenue growth of 40%. Growth trend continues in Q1 2022


DGAP-News: tonies SE / Key word(s): Annual Results
tonies SE exceeds expectations and closes the 2021 financial year with strong revenue growth of 40%. Growth trend continues in Q1 2022

28.04.2022 / 07:59
The issuer is solely responsible for the content of this announcement.

tonies SE exceeds expectations and closes the 2021 financial year with strong revenue growth of 40%. Growth trend continues in Q1 2022

  • Revenue increases to EUR 188m (EUR 16m better than plan) and grows by 40% year-on-year
  • Revenue share outside DACH market increases from 7% in 2020 to 19% in 2021
  • US exceeds targets by 25% with EUR 20m revenue in first full financial year
  • DACH grows profitably by 20% to EUR 151m revenue
  • Contribution margin further increases from 19.7% to 21.3% of sales
  • Adjusted EBITDA margin of -8.1% reflects investments in international expansion
  • Forecast for 2022 financial year confirmed

LUXEMBOURG, 28 APRIL 2022 // The Management Board of tonies SE today presents the first audited consolidated financial statements of tonies SE ("tonies") after its IPO. The company recorded exceptionally high demand and achieved total revenues of EUR 188m (2020: EUR 135m) in the past financial year 2021, representing an increase of +40% compared to 2020. The audited revenue is therefore EUR 3m higher than the in January communicated preliminary revenue of EUR 185m.

In addition to a continued very strong business in DACH, the growth came in particular from a very successful internationalization. Around 19% of the total revenue was generated internationally (compared to 7% in the previous year). All markets developed above plan. Especially in the US, the revolutionary product convinced US customers in record time - tonies sees a full product-market fit. Therefore, exceptionally high sales of EUR 20m were generated in the US in the first full financial year. The sales in the Rest of Europe (especially Great Britain and France after its successful market entry in Q4 2021) reached EUR 16m.

Despite the volatile situation in the supply chains due to the pandemic, tonies succeeded in significantly increasing revenue in 2021 by +40% year-on-year thanks to a second source strategy without any production downtime while simultaneously increasing production output. The company could improve the contribution margin by +1.5% points year-on-year to 21.3%. Investments in the international markets and a targeted expansion of individual functional areas led to an Adjusted EBITDA margin of -8.1% (EUR -15.2m).

"The strong international demand and proven customer satisfaction in all markets encourage us that we pursue the right strategy. We are excited about yesterday's successful official launch of our European Webshop, which starts initially in Belgium, Luxembourg, the Netherlands, Portugal, and Spain. We know from numerous customer enquiries that there is a high interest in our products in many European countries, and now we want to give these customers access to our tonies world. For us, it is another important step towards our vision that our playful audio experiences are an integral part of children's lives all over the world," says Co-Founder and Co-CEO Marcus Stahl.

"In addition, we will continue to excite our customers with new product highlights in 2022" adds Co-Founder and Co-CEO Patric Faßbender and continues: "Long-awaited new launches such as from Disney's "Frozen" and new tonies Originals will expand our extensive Tonie portfolio. We are also looking forward to further developing our range of accessories."

For the current fiscal year 2022, tonies confirms its planned strong growth to EUR 250m in sales for the overall group and EUR 52m for the US. The growth rate in the first quarter of 2022 is in line with expectations for the full year despite volatile market environment. tonies also expects a slightly improved Adjusted EBITDA margin compared to the previous year, each subject to the further development of the global consumer climate and procurement markets as well as the current geopolitical development.

tonies SE will offer a presentation on the results for the financial year 2021 on Thursday, 28 April at 16:00 CET. Further details at https://tonies.com/en-gb/ir/?tab=financial-calendar

28.04.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: tonies SE
9 rue de Bitbourg
L-1273 Luxembourg
ISIN: LU2333563281, LU2333564099,
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1337531

End of News DGAP News Service

1337531  28.04.2022 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022
Umsatzerlöse1 0,00 0,00 60,53 101,65 136,75 187,97 258,28
EBITDA1,2 0,00 0,00 3,77 -6,31 -2,09 -247,35 -34,75
EBITDA-Marge3 0,00 0,00 6,23 -6,21 -1,53 -131,59 -13,45
EBIT1,4 0,00 0,00 2,65 -7,68 -29,35 -261,55 -53,16
EBIT-Marge5 0,00 0,00 4,38 -7,56 -21,46 -139,15 -20,58
Jahresüberschuss1 0,00 0,00 1,78 -5,78 -34,44 -241,14 -31,66
Netto-Marge6 0,00 0,00 2,94 -5,69 -25,18 -128,29 -12,26
Cashflow1,7 0,00 0,00 -4,89 2,19 3,58 -26,43 -74,38
Ergebnis je Aktie8 0,00 0,00 0,03 -0,05 -0,30 -5,02 -0,32
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Mazars

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A3CM2W 4,890 620,28
KGV 2024e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
81,50 0,00 0,00 -13,35
1,85 - 2,40 -16,83
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
0,00 0,00 0,00 24.05.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2024 23.08.2023 13.11.2023 11.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
2,32% -1,34% -18,50% -19,04%
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Konsumgüter , A3CM2W , TNIE , XETR:TNIE