The stock exchange announcement is resend since the attachment of the English summary of the annual report was missing in the previous announcement.
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.
Chairman of the Board of Directors
Contact: Head of press, Brand & Communication Torben Plank, +45 2223 firstname.lastname@example.org