The Supervisory Board of Tivoli A/S has at the board meeting the 27 April considered and adopted the Interim Report for the period 1 January – 31. March 2015.
Results at 31 March 2015 in outline:
- Revenue including tenants and lessees: DKK 122.6 million compared to DKK 94.8 million last year.
- Tivoli’s revenue excluding tenants and lessees: DKK 100.9 million compared to DKK 76.0 million last year.
- EBITDA: DKK -43.4 million compared to DKK -44.3 million.
- EBIT: DKK -64.2 million compared to DKK -64.4 million last year.
- Profit before tax: DKK -65.6 million compared to DKK -65.8 million last year.
- Profit after tax: DKK -49.5 million compared to DKK -49.7 million last year.
”Tivoli’s first quarter of the year is normally affected by the garden being closed, but in 2015 Christmas in Tivoli was extended until 4 January. The revenue of the quarter increased by DKK 24.9 million compared to the same period last year, corresponding to an increase of 33%. The increase is primarily due to the activities in Tivoli's Concert Hall and the Glass Hall Theatre, as well as an increase in Tivoli’s Banquet activities. Furthermore, the online casino tivolicasino.dk is experiencing a continued growth in revenue.
The opening of the summer season 1 April 2015 has meant that a part of the start-up and provisioning costs, which usually lies in April of the current year, has been moved forward to the month of March.
“We find the growth in revenue and profits for the quarter satisfactory and it confirms that our strategy of becoming a year-round business is a correct strategy” says Claus Dyhr, CFO.
Expectations for 2015
Revenue for 2015 is expected to be slightly above the 2014 figure, approximately DKK 900 million. The Group is expected to show a profit before tax between DKK 50 and 60 million.
Yours sincerely
Jørgen Tandrup Lars Liebst
Chairman of the Supervisory Board CEO
Contact person: Claus Dyhr, CFO, (tel +45 33 75 03 63 / cd@tivoli.dk)
