The Supervisory Board of Tivoli A/S has considered and adopted the Interim
Report for the period 1 January - 31 March 2009 at a board meeting on 28 May
2009.
Results at 31 March 2009 in outline:
- Revenue including tenants and lessees: DKK 58.4 million compared to DKK 51.1
million last year. Nimb is recognised at DKK 6.8 million in 2009.
- Consolidated revenue: DKK 34.5 million compared to DKK 28.8 million last
year. Nimb is recognised at DKK 6.8 million in 2009.
- EBIT: a negative DKK 60.4 million compared to a negative DKK 50.5 million
last year.
- Loss before tax: DKK 63.2 million compared to a loss of DKK 53.2 million last
year.
- Loss after tax: DKK 46.8 million compared to a loss of DKK 41.0 million last
year.
"The results for the period should also be viewed in light of the Gardens being
closed in Q1. Moreover, the corresponding quarter in 2008 was affected by a
number of year-end transactions. On this basis and in light of the economic
situation, we are satisfied with the results," says Claus Dyhr, CFO.
With effect from 1 January 2009, Tivoli acquired Løgismose's 50% share of the
company behind Nimb, making Tivoli the sole owner of the company
Løgismose-Nimb A/S (change of name to Nimb A/S). As of Q1 2009, Nimb A/S is
fully consolidated in the financial state-ments of Tivoli A/S. In 2008, Nimb
A/S was recognised as a joint venture and the share of income was recognised in
net financials.
Outlook for 2009
Expected revenue and profit before tax for 2009 are maintained at the level
previously announced.
Yours sincerely
Jørgen Tandrup
Chairman of the Supervisory Board
Lars Liebst
CEO
Contact: Claus Dyhr, CFO (tel +45 33 75 03 63 / cd@tivoli.dk)
