Tivoli A/S Reports Impressive Growth for 2024 Year-End
Strong Financial Performance in 2024
The Supervisory Board of Tivoli A/S recently concluded their board meeting with great news: the Annual Report for 2024 has been successfully approved. This year has been marked by outstanding achievements, showcasing the resilience and growth of Tivoli.
2024 Highlights
Several key indicators reflect the successful outcomes of Tivoli in 2024:
- A revenue surge to DKK 1,320.9 million, compared to DKK 1,213.8 million the previous year, representing a remarkable increase of 9%.
- EBITDA has risen significantly to DKK 271.2 million, enhancing from DKK 228.1 million last year, which is an impressive 19% growth.
- The profit before tax climbed to DKK 155.4 million, improving by 40% from DKK 111.1 million reported last year.
- Tivoli welcomed approximately 4.25 million visitors this year, compared to 4.03 million in 2023, marking a gratifying 5% increase.
CEO’s Insight on Growth
CEO Susanne Mørch Koch expressed her satisfaction with the results, stating, "The financial performance in 2024 is a source of pride for us and aligns perfectly with our expectations. This year not only brought an increase in our visitor count, but also witnessed significant financial growth, which supports our necessary investments aimed at enhancing the broad spectrum of cultural offerings at Tivoli. Our achievements this year, spanning across various sectors like rides, hotel functions, and restaurant services, have collectively contributed to the strongest operating results in Tivoli’s history. This foundation empowers us to continue enhancing visitors' experiences while expanding our attractions into the future."
Future Outlook for 2025
Looking ahead, Tivoli anticipates that the activity levels for 2025 will resemble those of 2024. However, the park expects a slight decrease in visitor numbers, owing to fewer opening days, particularly during peak summer months. It is important to note that the remarkable results of 2024 were positively influenced by the reversal of provisions related to COVID-19 compensation, estimated at DKK 10.5 million. Furthermore, Tivoli is engaging in strategic investments focused on developing the Garden's content and bolstering operational efficiency, which are expected to foster both immediate and long-term benefits for the company. Expectations for 2025 include anticipated revenues around DKK 1,300 million and profits before tax expected to reach around DKK 130 million, which, while lower than 2024, still surpasses the levels of past years.
Changes Within the Board
In an important update for governance, the Board has put forth Jesper Nygård, the CEO of Realdania, as a candidate for election during the General Meeting scheduled for late April. With this nomination, Tivoli’s Board is set to consist of four members elected by the Annual General Meeting alongside two employee-elected members, fostering diversity and strong leadership.
Continued Commitment to Visitor Engagement
As Tivoli A/S prepares for the future, their commitment to enhancing visitor experiences remains a top priority. The parks' ongoing efforts to introduce captivating new attractions and improve existing facilities will ensure that Tivoli remains an unmissable destination for both local families and international tourists alike.
Contact Information
For further inquiries regarding this report, please reach out to the Head of Press, Torben Plank, at 22237440 or via email at tpl@tivoli.dk.
Frequently Asked Questions
What were the main financial achievements for Tivoli in 2024?
Tivoli reported a revenue of DKK 1,320.9 million and an EBITDA of DKK 271.2 million, with a profit before tax of DKK 155.4 million, reflecting significant financial growth.
How many visitors did Tivoli attract in 2024?
In 2024, Tivoli welcomed approximately 4.25 million visitors, marking a 5% increase from the previous year.
What are the expectations for Tivoli in 2025?
For 2025, Tivoli expects activity levels to be similar to 2024, but a slight decline in visitor numbers is anticipated due to fewer opening days.
Who has been nominated for a position on Tivoli’s Board?
Jesper Nygård, the CEO of Realdania, has been nominated for election during the General Meeting scheduled for April 2025.
How can I get in touch for more information regarding Tivoli's report?
For more inquiries, you can contact Torben Plank, the Head of Press, at 22237440 or via email at tpl@tivoli.dk.
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