Stock Exchange Announcement No 08 - 2015, Interim Report for the Period 1 January – 30 June 2015

The Supervisory Board of Tivoli A/S has at the board meeting the 15 August considered and adopted the Interim Report for the period 1 January – 30 June 2015.

Results at 30 June 2015 in outline:

• Revenue including tenants and lessees: DKK 492.4 million compared to DKK 451.6 million last year (+9%).
• Revenue excluding tenants and lessees: DKK 363.8 million compared to DKK 311.5 million last year (+17%).
• EBITDA: DKK 1.2 million compared to DKK -6.5 million last year (+118%).
• EBIT: DKK -41.1 million compared to DKK -47.8 million last year (+14%).
• Profit before tax: DKK -43.8 million compared to DKK -50.4 million last year (+13%).
• Profit after tax: DKK -32.1 million compared to DKK -38.6 million last year (+17%).
• Numbers of guests for the period 1 January – 30 June 2015 1,556,000 compared to 1,418,000 last year (+10%).

 ”The opening of the summer season was characterized by a very cold weather-related start. Despite of this, the first half of 2015 shows an growth in revenue compared to the first half of 2014 by DKK 52.3 million corresponding to an increase of 17%. The improvement is primarily due to the increased activities in Tivoli’s Concert Hall and the Glass Hall Theatre, an increase in the activity in the Danish part of TivoliCasino and the effect of the early opening of the summer season compared to earlier years.

This has meant an improvement of earnings before depreciation and amortization (EBITDA) for the first half of 2015 by DKK 7.7 million compared with the same period last year.” Says Tivoli’s CEO, Lars Liebst

“We find the growth in revenue and profit for the first half of 2015 to be satisfactory taking the cold start of the season in to consideration,” says CEO, Lars Liebst

Expectations for 2015
Revenue for 2015 is expected to be slightly above the 2014 figure, approximately DKK 900 million. The Group is expected to show a profit before tax between DKK 50 and 60 million.

Yours sincerely

Jørgen Tandrup                                                                              Lars Liebst

Chairman of the Supervisory Board                                              CEO

Contact person:  Dorthe Barsøe, Director, Brand and Communications (tel +45 33 75 02 11 / dwb@tivoli.dk)

Vedhæftede filer:

Stock Exchange Announcement no 8 of 2015-08-15 -Interim Report Q2.pdf