INTERIM REPORT FOR THE PERIOD 1 JANUARY – 30 SEPTEMBER 2018

The Supervisory Board of Tivoli A/S has at the board meeting considered and adopted the Interim Report for the period 1 January – 30 September 2018. Results for the period 1 January – 30 September 2018 is in outline: Revenue incl. tenants and lessees: DKK 1,044.6 million compared to DKK...

The Supervisory Board of Tivoli A/S has at the board meeting considered and adopted the Interim Report for the period 1 January – 30 September 2018.

Results for the period 1 January – 30 September 2018 is in outline:

• Revenue incl. tenants and lessees: DKK 1,044.6 million compared to DKK 847.0 million last year (+23%).
• Total income: DKK 741.8 million compared to DKK 639.3 million last year (+16%).
• EBITDA: DKK 125.7 million compared to DKK 96.9 million last year (+30%).
• EBIT: DKK 58.7 million compared to DKK 34.1 million last year (+72%).
• Profit before tax: DKK 51.0 million compared to DKK 31.0 million last year (+65%).
• Profit after tax: DKK 39.8 million compared to DKK 24.2 million last year (+64%).
• Number of attendants for the period: 3,307,000 compared to 2,761,000 last year (+20%)

 

“The first nine months in Tivoli have been impacted by increased activity in the Gardens, which is mainly due to the 175-year anniversary celebrations, more opening days, higher activity in the Halls, opening of the Tivoli Corner the new season Winter in Tivoli as well as the warm summer weather. The increased activity has led to an improvement in the total income for the first nine months of 16% compared to last year.
The profit before tax for the period amounted to DKK 51 million and has increased by DKK 20 million compared to last year, because of the increased activity. The result is in line with our expectations”, says CFO Andreas Morthorst.

EXPECTATIONS FOR 2018
The weather and other external factors may have great impact on Tivoli's business and thus the development in profit for the year. The profit before tax is still expected to be between DKK 110 – 120 million.

Tom Knutzen                                                                                                                        Lars Liebst
Chairman                                                                                                                              CEO

Contactperson: Head of Press, Torben Plank +45 22 23 74 40 / [email protected]

 

Attachment

• Tivoli AS Stock Exchange - Quarterly Announcement no 10 - Q3 2018.