The stock exchange announcement is resend since the attachment of the English summary of the annual report was missing in the previous announcement.
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The Executive Board of Tivoli A/S adopted and approved the annual report for 2016 at the board meeting on 16th of March 2017.
The financial highlights are as follows:
- Attendance figures: 4,638,000 visitors compared to 4,733,000 last year, equal to a decrease of 2%.
- Revenue: DKK 945.2 million compared to DKK 955.2 million last year, equal to a decrease of 1%.
- EBITDA: DKK 187.2 million compared to DKK 163.0 million last year, equal to an increase of 15%.
- EBIT: DKK 100.0 million compared to DKK 69.0 million last year, equal to an increase of 45%
- Profit before tax: DKK 96.3 million compared to DKK 64.1 million last year, equal to an increase of 50%
- Profit after tax: DKK 75.3 million compared to DKK 43.8 million last year, equal to an increase of 72%
"A profit before tax of DKK 96.3 million is in line with the upward adjustment announced in January 2017, in which a profit before tax between DKK 90 and 100 million was anticipated. The reason for the success is a very good Christmas season with good weather and many guests. Numerous of optimizations where made in 2016 resulting in a lower cost” says CEO, Lars Liebst.
Expectations for 2017
Revenue for 2017 is expected to be slightly below the 2016. Tivoli is expected to deliver a profit before tax between DKK 80 and 90 million.
Tivoli opens on 6th of April at 11 am.
Yours faithfully,
Jørgen Tandrup
Chairman of the Board of Directors
Lars Liebst
CEO
Contact: Head of press, Brand & Communication Torben Plank, +45 2223 7440/tpl@tivoli.dk
