The Supervisory Board of Tivoli A/S has adopted an interim report for the period from 1 January to 30 September 2022.
Summary of results for the period 1 January to 30 September 2022:
- Revenue of DKK 773.3 million (+76%) compared to last year’s DKK 439 million.
- EBITDA was DKK 132.6 million compared to DKK 10.9 million last year. EBITDA improved by DKK 121.7 million for him over last year.
- Pre-tax loss of DKK 41.1 million compared to DKK -86.4 million last year. Profit before tax is DKK 127.5 million higher than last year.
- Attendance was 2,502,000 compared to last year’s 1,432,000 (+75%).
“Tivoli has consistently outperformed our initial expectations for three quarters. We acknowledge the unusual experience, including the celebration of vintage guard, Tom Jones, Barbara Hannigan, 50 Cent and other international stars. You can barely see a cloudless sky as far as the eye can see, in the meantime Another eventful quarter with a spectacular Halloween and traditional Christmas ahead, and on behalf of Tivoli, we are delighted with the development. “
Outlook for 2022
Tivoli has had a very good summer season, significantly exceeding initial expectations for 2021 and 2022. This is the result of a higher level of activity in terms of guest numbers and utilization of garden offers.
Tivoli’s recently announced forecasts are for revenue of approximately DKK 1.05 billion and profit before tax in the range of DKK 60 million to DKK 85 million (see Stock Exchange Announcement No. 9 of 15 August 2022). For the remainder of the summer, levels of activity and results are consistent with current expectations. Based on this, Tivoli maintains its expectations.
Tivoli’s outlook for 2022 assumes that the corona pandemic will lead to no significant progress and new restrictions.
thank you
Tom Knutzen Susanne Mørch Koch
Chairman CEO
Contact Person: Torben Planck, Communications Manager tlf. 22237440 / tpl@tivoli.dk
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Tivoli – Q3 2022 Report UK
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Tivoli AS – Stock Exchange Announcement No. 10 – Interim Report for the period 1 January to 30 September 2022
