Tivoli A/S Sees Revenue Decline in First Quarter Results
Tivoli A/S Reports First Quarter Results
The Board of Directors of Tivoli A/S has announced its Interim Report for the first quarter of 2025. This report outlines the financial performance and key metrics for the beginning of the year.
Summer Season Opening Delayed
Significantly, Tivoli opened its summer season on April 4, which is 13 days later than last year's opening on March 22. This delay in the season's start is expected to impact overall performance as detailed in the report.
Financial Overview
During this reporting period, Tivoli reported a revenue of DKK 69.9 million, reflecting a decline of 23% compared to DKK 90.4 million from the same period last year. EBITDA has also shown a negative trend, reported at DKK -98.8 million against DKK -84.2 million from last year. The profit before tax has similarly worsened, with a record of DKK -127.1 million compared to DKK -112.4 million previously.
Visitor Attendance
Visitor numbers have decreased significantly, with only 121,000 patrons attending compared to 221,000 in the prior year—a troubling 45% drop. These figures indicate that the late start to the summer season has been a substantial factor in the decline in overall performance.
Future Outlook
Despite these challenges, CEO Susanne Mørch Koch expressed optimism about the coming months. In her remarks, she emphasized the busy effort ahead for Tivoli, noting, “After a strong end to 2024, the beginning of the 2025 season has taken off with high activity in preparation for our seasonal festivities. Our garden is vibrant, and we eagerly anticipate a packed schedule for the summer.”
Maintaining Expectations for 2025
Tivoli is maintaining its outlook for 2025, expecting total revenue to be around DKK 1,300 million and a profit before tax of DKK 130 million. The company acknowledges that the delay in the summer season's opening will likely bring its operational activity levels lower than last year's figures.
Message from Leadership
Tom Knutzen, Chairman of the Board, alongside CEO Susanne Mørch Koch, welcomes the upcoming months with enthusiasm, noting a committed effort to provide visitors with an exceptional experience despite the initial setbacks.
Contact Information
For inquiries regarding this report, please reach out to Torben Plank, the head of Press, at phone number 22237440 or via email at tpl@tivoli.dk.
Frequently Asked Questions
What were Tivoli's reported revenues for Q1 2025?
Tivoli reported revenues of DKK 69.9 million for the first quarter of 2025.
How has visitor attendance changed compared to the previous year?
Visitor attendance dropped to 121,000, a decline of 45% from 221,000 visitors in the previous year.
What is Tivoli's outlook for the rest of the year?
Tivoli maintains expectations for approximately DKK 1,300 million in revenue and a profit before tax of DKK 130 million for 2025.
Who can be contacted for media inquiries about Tivoli?
For media inquiries, contact Torben Plank at phone number 22237440 or email tpl@tivoli.dk.
What effect did the delay in opening have on Tivoli's financials?
The delayed opening has negatively influenced Tivoli's revenues and attendance, resulting in decreased financial performance compared to the previous year.
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