Interim Report for the period 1 January – 31 March 2023
April 27 2023 - 4:55AM
Interim Report for the period 1 January – 31 March 2023
The Supervisory Board of Tivoli A/S has adopted the Interim
Report for the period 1 January – 31 March 2023.Results for the
period 1 January – 31 March 2023 in outline:
- A revenue of DKK 61.8 million
compared to DKK 52.2 million last year (+18%).
- An EBITDA of DKK -97.7 million
compared to DKK -67.3 million last year.
- A profit before tax of DKK -126.1
million compared to a loss before tax of DKK -97.3 million last
year.
- An attendance figure of 47,000
visitors compared to 38,000 last year (19%).
“This year’s season began on the 31st of March with a beautiful
and well-attended opening in the spirit of the Easter holiday. For
the first quarter of 2023, Tivoli achieved a result corresponding
to the expectations, and now we are looking forward to commencing
the summer season, where Tivoli once again will be ready to offer
great experiences, spectacular events, and rich gastronomic and
cultural adventures” says CEO, Susanne Mørch Koch.Outlook
for 2023 (unchanged)2023 is the year when the Tivoli
Gardens will celebrate their 180th anniversary and also when the
new strategy, ‘Cultivate the Gardens. Strengthened Core.
Sustainable Business’, will be implemented and is to serve as a
strong foundation for the years ahead.
Tivoli still expects revenue at the level of DKK 1,100 million
for 2023. This is on a par with 2022. Pre-tax profit is still
expected to range between DKK 50 million and DKK 70 million and
thus to be lower than the profit realised for 2022. The reasons for
these lower earnings expectations than for 2022 are partly
uncertainty about consumer behavior due to the macroeconomic
challenges, partly our deliberate investments in Tivoli’s business
to develop the Tivoli Gardens and prepare them for the years
ahead.
Best regards
Tom
Knutzen Susanne
Mørch KochChairman
CEO
Contactperson: Head of press, Torben Plank tlf. +45 22237440 /
tpl@tivoli.dk
- Tivoli - 1. quarter 2023 Report UK
- Tivoli AS - Stock Exchange Announcement no 5 - Interim Report
for the period 1 January - 31 March 2023
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