The Supervisory Board of Tivoli A/S has at today’s board meeting considered and adopted the Interim Report for the period 1 July - 30 September 2011.
Results at 30 September 2011 in outline:
- Revenue including tenants and lessees: DKK 721.4 million compared to DKK 698.4 million last year.
- Tivoli’s revenue: DKK 477.3 million compared to DKK 452.8 million last year.
- EBIT: DKK 6.9 million compared to DKK 0.0 million last year.
- Profit before tax: DKK 1.3 million compared to DKK -6.6 million last year.
- Profit after tax: DKK 1.0 million compared to DKK -5.7 million last year.
- Number of guests as of 30 September 2011: 2,773,000 compared to 2,611,000 guests as of 30 September 2010.
“The Tivoli summer season 2011 opened with nice weather. July 2. Tivoli was hit hard by the torrential rain storm though and the remains of the season were characterised by a lot of rain. The number of visitors during the summer season 2011 did not quite meet our expectations, despite headway of approx 6 % compared to 2010.
It is encouraging, that the revenue per visitor is unaltered compared to last year. Due to more visitors it prompts an ameliorated result before tax of 8 million DKK in correlation with last year. After the closing of the period we have held Halloween in Tivoli with 301.000 visitors in 10 days, which broke the record for Halloween in Tivoli, says CFO Claus Dyhr and continues:
On the basis of a very well-attended Halloween in Tivoli plus our hopes for our new Russian Christmas theme during Christmas in Tivoli we are pleased, that we on these grounds are able to maintain our expectations of a profit before tax in the level of 20 million DKK, which will be a doubling compared to 2010”
Outlook for 2011
The expectations of a profit before tax at DKK 20 million are maintained at the announced level.
Yours sincerely
Jørgen Tandrup Lars Liebst
Chairman of the Supervisory Board CEO
Contact person: Claus Dyhr, CFO, (tel +45 33 75 03 63 / cd@tivoli.dk)
