Positive: Tivoli A/S reports 9% increase in net revenue, positive EBITDA, and plans for major investments.

From GlobeNewswire: 2024-08-15 03:43:00

Tivoli A/S board of directors approved the interim report for January 1 – June 30, 2024. Key highlights include a 9% increase in net revenue to 455.3 million DKK, a positive EBITDA of -6.3 million DKK, and a visitation increase of 10% to 1,391,000 guests compared to last year.

Despite challenges like rainy weather and economic conditions in Sweden and Norway affecting visitor numbers, Tivoli managed to maintain stable business operations. The summer season saw increased guest engagement with Tivoli’s offerings, leading to the best summer performance in the company’s history. The firm plans major investments, including a revamp of the current Asian area.

Following a successful first half of 2024, Tivoli maintains its financial expectations for the year. Despite weather-related visitor fluctuations, the company anticipates a revenue level of 1,200 million DKK and a pre-tax profit of 110 million DKK. The board sees a bright outlook for future growth.

Gregers Wedell-Wedellsborg steps down as vice chairman and resigns from Tivoli’s board. Claus Gregersen takes over as the new vice chairman, effective immediately. The board transitions smoothly to ensure continued strategic direction. Celebrating successes and preparing for future investments, Tivoli remains focused on delivering memorable experiences to guests.



Read more at GlobeNewswire:: Delårsrapport for 1. halvår 2024