The Supervisory Board of Tivoli A/S has considered and adopted the Interim Report for the period 1 January – 30 June 2019.
Results for the period 1 January – 30 June 2019 in outline:
•Net revenue: DKK 400.3 million compared to 403.4 million last year (-1%)
•EBITDA: DKK 13.9 million compared to DKK 14.3 million last year (-3%)
•EBIT: DKK -36.7 million compared to DKK -31.3 million last year (-17%)
•Profit before tax: DKK -42.8 million compared to DKK -36.8 million last year (-16%)
•Profit after tax: DKK -33.4 million compared to DKK -28.7 million last year (-16%)
•Number of guests amounted to 1,518,000 compared to 1,784,000 last year (-15%)
”The revenue in the first half of 2019 has been the same level as last year in spite of 12 fewer opening days and fewer guests in the halls, where the musical “Midt om Natten” gathered full houses in 2018. The positive development is caused by an increased spend per guest and an increased level of activity at Nimb”, says CFO, Andreas Morthorst.
Outlook for 2019 (unchanged)
In 2019, revenue is still expected to be in line with 2018 and a profit before tax and after extraordinary items in the level of DKK 220 million against DKK 121 million before tax. The profit has been positively affected by the partnership agreement with Danske Spil cf. mention in the stock exchange announcement of 9 May 2019. The weather and other external events may have influence on Tivoli’s core business and therefore the development of the result of the year.
Tom Knutzen Lars Liebst
Contactperson: Head of press, Torben Plank, 22237440 / email@example.com