Tivoli A/S : Interim Report for the period 1 January - 31 March 2024
April 23, 2024 at 04:54 am EDT
Share
Danish
English
Published: 2024-04-23 10:47:40 CEST
Tivoli A/S
Interim report (Q1 and Q3)
Interim Report for the period 1 January - 31 March 2024
The Supervisory Board of Tivoli A/S has adopted the Interim Report for the period 1 January - 31 March 2024.
Tivoli opened the summer season on 22 March, which is earlier than last year when the season opened 31 March. This affects the results for the period 1 January - 31 March 2024 in outline:
A revenue of DKK 90.4 million compared to DKK 61.8 million last year (+46%).
An EBITDA of DKK -84.2 million compared to DKK -96.7 million last year.
A profit before tax of DKK -112.4 million compared to DKK -126.1 million last year.
An attendance figure of 221,000 visitors compared to 47,000 last year (+470%).
"Tivoli continues the positive development we saw in 2023. The first quarter of 2024 is shaping up to a result equivalent to the expected, with better attendance figures and financial results than the same period in 2023. We enter the summer season with optimism and a wide range of attractive offers for Tivoli's guests, who can look forward to a summer with a remarkably strong cultural program" says CEO, Susanne Mørch Koch.
Outlook for 2024 (unchanged)
Tivoli has had a good start to the year, with the summer season starting on 22 March. Last year, Easter was in April, which is why the first quarter of 2024 naturally has a greater level of activity than the same period the year before. Tivoli maintains the latest announced expectations, which means a revenue of around DKK 1,200 million and profit before tax of around DKK 110 million.
Best regards
Tom Knutzen Susanne Mørch Koch
Chairman CEO
Contact person: Head of press, Torben Plank phone 22237440 / tpl@tivoli.dk
Attachments
Tivoli AS - Stock Exchange Announcement no 5 - Interim Report for the period 1 January - 31 March 2024
Tivoli - 1. quarter 2024 Report UK
Attachments:
Tivoli - 1. quarter 2024 Report UK.pdf
Tivoli AS - Stock Exchange Announcement no 5 - Interim Report for the period 1 January - 31 March 2024.pdf
This news release was distributed by Company News System, www.nasdaqomxnordic.com/news/marketnotices
To subscribe on regulatory news from this company, go to the subscription page
Attachments
Original Link
Permalink
Disclaimer
Tivoli A/S published this content on
23 April 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
23 April 2024 08:53:05 UTC.
Tivoli A/S is a Denmark-based company primarily engaged in the operation of the Tivoli amusement park and pleasure garden in Copenhagen. The Companyâs activities are divided into six main areas: Online Casino, which is engaged in operating online games; Food and Beverage, which operates Tivoliâs restaurants; High End, which is engaged in the operation of the House of Nimb and Nimb Terrasse; Real Estate, which is the beneficiary of the Companyâs tenanted restaurants; Sales and Sponsors, which includes the Companyâs earnings from entrance fees and sponsorship agreements; as well as Entertainment, which bears the expenses for the operation of such events as Friday Rock concerts, Garden orchestras, Pantomime shows and other events in the Garden. The three remaining segments undertake the Companyâs administrative functions within the fields of information technology (IT), finance, marketing and human resources (HR), as well as operation and maintenance of the Gardens.