INTERIM REPORT FOR THE PERIOD 1 JANUARY – 31 MARCH 2018

The Supervisory Board of Tivoli A/S has considered and adopted the Interim Report for the period 1 January – 31 March 2018.

Results for the period 1 January – 31 March 2018 in outline:

• Revenue including tenants and lessees: DKK 163.4 million compared to DKK 95.1 million last year (+72%)
• Net revenue: DKK 121.0 million compared to 84.1 million last year (+44%)
• EBITDA: DKK -40.8 million compared to DKK -52.5 million last year (+22%)
• EBIT: DKK -63.0 million compared to DKK -73.7 million last year (+15%)
• Profit before tax: DKK -65.8 million compared to DKK -74.6 million last year (+12%)
• Profit after tax: DKK -51.3 million compared to DKK -58.2 million last year (+12%)
• Number of guests is 375,000 compared to 53,000 last year.

"The first quarter of 2018 in Tivoli is impacted by an increased activity level in The Gardens because of the new season, Winter in Tivoli, the earlier start of the summer season (9 extra days), the plays "Midt om Natten” and "Rytteriet”, as well as the opening of the Tivoli Corner. The increased activity results in an increase in revenue of 44% compared to last year.
Because of the increased activity, the profit before tax is increased by DKK 9 million compared to the same period last year. The result is in line with the expectations” says CFO, Andreas Morthorst.

EXPECTATIONS FOR 2018
The weather and other external factors may have great impact on Tivoli’s business and thus the development in profit for the year. 2018 revenue is expected to be slightly higher than 2017 because of the Tivoli Corner. The profit before tax is expected to be between DKK 100 – 110 million.

  
Jørgen Tandrup                                                                                                                    Lars Liebst
Chairman of the Supervisory Board                                                                                    CEO

Contactperson: Head of Press, Torben Plank +45 22 23 74 40 / tpl@tivoli.dk

Attachment

• Stockexchange announcement no 6 - Q1 2018