Tivoli states expectations for 2023 and presents expectations for 2024
January 22 2024 - 12:50AM
Tivoli states expectations for 2023 and presents expectations for
2024
Tivoli has had a successful anniversary year with an increase in
guests of 5% compared to 2022. Throughout 2023, 4.0 million guests
visited the Tivoli Gardens, despite 2023 having a record-breaking
rainfall.
Tivoli's most recently announced expectations for 2023 were a
revenue of around DKK 1,200 million and a profit before tax of
around DKK 100 million. Following the end of the year, Tivoli now
expects a revenue of around DKK 1,210 million, which for Tivoli is
a revenue record. Operating profit (EBITDA) is expected to be DKK
225 million, which is also a Tivoli record. A profit before tax of
around DKK 110 million is now expected. Profit before tax is nearly
DKK 25 million higher than in 2022 and thus close to the historical
record year of 2018 of DKK 121 million. The profit before tax has
even been produced on a lower amount guests in 2023. Tivoli's
operation is in a strong position at the end of 2023, which enables
further investments in the Gardens facilities, several new areas
among other things.
In 2024, Tivoli expects a level of activity, revenue and profit
before tax to be on par with 2023.
"Tivoli's result for 2023 is very pleasing. Over the course of
the year, the Tivoli Gardens has been well visited with many happy
guests, despite historically challenging weather and declining
number of guests from neighboring markets. The profit, as it stands
for 2023, creates a good foundation for the coming years, where
Tivoli seriously start new investments for the guests of the
Gardens“ says CEO, Susanne Mørch Koch.
Tivoli publishes its annual report for 2023 on 15th March 2024
and opens the summer season on 22nd March 2024.
Best regard
Tom Knutzen
Susanne Mørch KochChairman
CEO
Contact person: Head of press, Torben Plank phone 22237440 /
tpl@tivoli.dk
- Tivoli AS - Stock Exchange Announcement no 1 - States
expectations for 2023 and expectations for 2024
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