Tivoli A/S announced unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, net revenue was DKK 232.0 million against DKK 249.1 million a year ago. Earnings before interest, tax, depreciation and amortization (EBITDA) were DKK 46.6 million against DKK 44.6 million a year ago. Earnings before interest and tax (EBIT) were DKK 25.3 million against DKK 23.1 million a year ago. Profit before tax was DKK 24.1 million against DKK 21.8 million a year ago. Profit for the period was DKK 18.5 million against DKK 17.4 million a year ago. Earnings in DKK, per share were DKK 3.2 against DKK 3.0 a year ago. Cash used in operating activities was DKK 30.1 million against DKK 5.0 million a year ago. Purchase of intangible assets and property, plant and equipment was DKK 122.6 million against DKK 58.0 million a year ago.

For the six months, net revenue was DKK 304.5 million against DKK 336.7 million a year ago. Loss before interest, tax, depreciation and amortization were DKK 3.9 million against EBITDA of DKK 1.2 million a year ago. Loss before interest and tax (LBIT) were DKK 46.8 million against DKK 41.1 million a year ago. Loss before tax was DKK 48.9 million against DKK 43.8 million a year ago. Loss for the period was DKK 39.2 million against DKK 32.1 million a year ago. Loss per share was DKK 6.8 against DKK 5.6 a year ago. Cash flow from operating activities was DKK 148.2 million against DKK 167.2 million a year ago. Purchase of intangible assets and property, plant and equipment was DKK 92.1 million against DKK 90.2 million a year ago.

For the year 2016, the company expects a revenue of approximately DKK 900 million and a profit before tax between DKK 60 and 70 million.