Stock Exchange Announcement No 7 - 2012. Interim Report for the Period 1 January – 31 March 2012

Tivoli A/S 

29.05.2012 11:11
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The Supervisory Board of Tivoli A/S has at today's board meeting considered and
adopted the Interim Report for the period 1 January - 30 March 2012. 

Results at 31 March 2012 in outline:

  -- Revenue including tenants and lessees: DKK70.7 million compared to DKK 57.0
     million last year.
  -- Tivoli's revenue: DKK 52.4 million compared to DKK 39.1 million last year.
  -- EBIT: DKK -61.1 million compared to DKK -65.1 million last year.
  -- Profit before tax: DKK -62.4 million compared to DKK -66.7 million last
     year.
  -- Profit after tax: DKK -46.8 million compared to DKK -50.0 million last
     year.



'The interim profit must be seen in the light of the Tivoli Gardens being
closed during the quarter of January. Tivoli's revenue for the quarter
increased by DKK 13.3 million compared with the same quarter last year. The
increase is primarily due to the musical Grease at the Tivoli Concert Hall.
Expenses are DKK 7.9 million above the first quarter last year and are also
primarily due to Grease. 

At 31 March 2012 Tivoli's sale of season passes 2012 amounted to DKK 42.7
million compared with DKK 35.9 million at 31 March 2011. The income from season
passes is recognised at DKK 8.4 million for this first quarter. The remaining
season pass income will be accrued over the next three quarters. 


Based on the sales increase and the improved pre-tax profit we find the result
satisfactory', says Claus Dyhr, CFO. 



Outlook for 2011

The expectations of profit before tax for 2012 are maintained at the level of
approximately DKK 30 million. 



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



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Language:     English
Company:      Tivoli A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010040500
WKN:          
 
End of Announcement                             DGAP News-Service
 
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