Interim Report for the Period 1 January – 30 June 2016
The Supervisory Board of Tivoli A/S has at the board meeting considered and adopted the Interim Report for the period 1 January – 30 June 2016.
Results at 30 June 2016 in outline:
- Revenue including tenants and lessees: DKK 448.2 million compared to DKK 492.4 million last year (-9 %).
- Revenue excluding tenants and lessees: DKK 336.1 million compared to DKK 363.8 million last year (-8 %).
- EBITDA: DKK -3.9 million compared to DKK 1.2 million last year.
- EBIT: DKK -46.8 million compared to DKK -41.1 million last year (-14 %).
- Profit before tax: DKK -48.9 million compared to DKK -43.8 million last year (-12 %).
- Profit after tax: DKK -39.2 million compared to DKK -32.1 million last year (-22 %).
- Number of guests for the period 1 January – 30 June 2016 1,395,000 compared to 1,556,000 last year (-10%).
“Revenue incl. tenants and lessees for the period 1 January – 30 June 2016 is DKK 44.2 million lower compared to the same period last year. The main reasons are that Tivoli had 7 fewer opening days in the first half of 2016 compared to last year, the construction of the Tivoli Corner which entails the temporary closure of some commercial activities and a lower result from cultural activities.”
We find the result for the period satisfactory, taking the expected revenue decline into consideration.” says CFO, Andreas Morthorst.
Expectations for 2016
The weather and other external factors may have great impact on Tivoli’s business and thus the development in profit for the year. For 2016, a revenue of approximately DKK 900 million and a profit before tax between DKK 60 and 70 million is still expected.
Yours sincerely
Jørgen Tandrup Lars Liebst
Chairman of the Supervisory Board CEO
Contact person: Torben Plank, Head of Press (tel +45 33 75 04 40 / tpl@tivoli.dk)
