Interim report for the period 1 January – 30 June 2024

The Supervisory Board of Tivoli A/S approved the Interim Report for the period January 1 – June 30, 2024 on August 15, 2024.

Results for the period 1 January – 30 June 2024 in broad outline:

• A turnover of DKK 455.3 million compared to DKK 416.0 million last year (+9%).
• An EBITDA of DKK -6.3 million compared to DKK -16.0 million last year.
• A pre-tax loss of DKK -63.5 million compared to DKK -74.7 million last year.
• A visitor count of 1,391,000 visitors compared to 1,257,000 last year (+10%).

”Tivoli’s interim report shows that Tivoli has largely succeeded in weathering the external uncertainties and creating more stability in the business. The summer season was characterised by rainy and unstable weather, which had a negative effect on the number of guests. At the same time, it is noticeable that guests from the two largest neighbouring markets, Sweden and Norway, are not visiting Tivoli Garden to the same extent as before due to their continued weakened economies. Tivoli has successfully attracted guests from other markets and guests have benefited from Tivoli’s diverse offering. It has also managed to keep the cost base stable. We are therefore pleased that we can maintain our financial expectations and at the same time deliver the best summer results in Tivoli’s history, despite the unstable summer weather. Tivoli is now embarking on the largest investment in an amusement area in Tivoli’s history, with a complete renovation of the current Asian area with newly developed scenography and amusement experiences starting after the summer. This is one of several major investments in the coming years that will help secure Tivoli for the future.” says CEO Susanne Mørch Koch.