Tivoli A/S Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Earnings Guidance for the Year 2016
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.