Tivoli A/S
Stock Exchange Announcement No 04 – 2014 – Interim Report for the Period 1 January – 31 March 2014
DGAP-News: Tivoli A/S / 30.04.2014 / 14:02 --------------------------------------------------------------------- The Supervisory Board of Tivoli A/S has at today's board meeting considered and adopted the Interim Report for the period 1 January - 31. March 2014. Results at 31 March 2014 in outline: -- Revenue including tenants and lessees: DKK 94.8 million compared to DKK 62.8 million last year. -- Tivoli's revenue: DKK 75.9 million compared to DKK 47.1 million last year. -- EBITDA: DKK -44.3 million compared to DKK -48.3 million. -- EBIT: DKK -64.4 million compared to DKK -66.9 million last year. -- Profit before tax: DKK -65.8 million compared to DKK -65.7 million last year. -- Profit after tax: DKK -49.7 million compared to DKK -48.9 million last year. 'As always the first quarter of the year shows that Tivoli is closed since the revenue only includes the Gardens' all-year activities. The revenue of the quarter increased by DKK 28.8 million compared with the same period last year corresponding to an increase of 61%. The increase is primarily due to more activity in Tivoli's Concert Hall and the Glass Hall Theatre with the musical Grease and the farce 'Den Grønne Elevator' respectively, which on the one hand increased the earnings from tickets sold, and on the other hand increased the activity in the restaurants in Tivoli which are open all the year round. Furthermore, Tivoli had a considerable revenue increase as regards the online casino tivolicasino.dk. Due to the revenue in the hall and the theatre and as regards tivolicasino.dk, Tivoli improved the total operating profit by DKK 2 million compared with the same period in 2013 with the operating profit amounting to a negative DKK 64.4 million compared with a negative DKK 66.9 million in the first quarter of 2013. We find both the revenue increase and the results satisfactory, and we find there is reason for the enterprise Tivoli A/S to stake on a wide range of activities in experience economy all the year round,' says Claus Dyhr, CFO. Expectations for 2014 The expectations of revenue and profit before tax for 2014 are at the level of 2013 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) News Source: NASDAQ OMX End of Corporate News --------------------------------------------------------------------- 30.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Tivoli A/S Denmark ISIN: DK0010040500 End of News DGAP News-Service --------------------------------------------------------------------- 265829 30.04.2014
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