Reported Earnings • Apr 30
First quarter 2026 earnings released: kr.18.60 loss per share (vs kr.17.30 loss in 1Q 2025) First quarter 2026 results: kr.18.60 loss per share (further deteriorated from kr.17.30 loss in 1Q 2025). Revenue: kr.81.4m (up 17% from 1Q 2025). Net loss: kr.106.5m (loss widened 7.4% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Apr 29
Tivoli A/S Approves the Election of Tom Knutzen as Chairman Tivoli A/S held the annual general meeting on April 28, 2026. The company approved the election of Tom Knutzen as chairman. Upcoming Dividend • Apr 22
Upcoming dividend of kr.5.50 per share Eligible shareholders must have bought the stock before 29 April 2026. Payment date: 01 May 2026. Payout ratio is a comfortable 26% and the cash payout ratio is 81%. Trailing yield: 0.8%. Lower than top quartile of Danish dividend payers (4.3%). Lower than average of industry peers (3.0%). Declared Dividend • Mar 25
Dividend increased to kr.5.50 Dividend of kr.5.50 is 1.9% higher than last year. Ex-date: 29th April 2026 Payment date: 1st May 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (31% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 62% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 24
Full year 2025 earnings released: EPS: kr.21.30 (vs kr.21.62 in FY 2024) Full year 2025 results: EPS: kr.21.30 (down from kr.21.62 in FY 2024). Revenue: kr.1.34b (up 1.8% from FY 2024). Net income: kr.121.5m (down 1.7% from FY 2024). Profit margin: 9.0% (down from 9.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Duyuru • Mar 24
Tivoli A/S announces Annual dividend, payable on May 01, 2026 Tivoli A/S announced Annual dividend of DKK 5.5000 per share payable on May 01, 2026, ex-date on April 29, 2026 and record date on April 30, 2026. Duyuru • Dec 17
Tivoli A/S, Annual General Meeting, Apr 28, 2026 Tivoli A/S, Annual General Meeting, Apr 28, 2026. Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: kr.15.10 (vs kr.17.00 in 3Q 2024) Third quarter 2025 results: EPS: kr.15.10 (down from kr.17.00 in 3Q 2024). Revenue: kr.440.6m (up 1.1% from 3Q 2024). Net income: kr.86.3m (down 12% from 3Q 2024). Profit margin: 20% (down from 22% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Duyuru • Oct 30
Tivoli A/S Updates Earnings Guidance for the Year 2025 Tivoli A/S updated earnings guidance for the year 2025. For the year, the company announced that a strong start to the Halloween season and the outlook for a popular Christmas season has led Tivoli to increase its expectations to a revenue in the range of DKK 1,325 million. Tivoli’s most recently announced expectations for 2025 were revenue in the range of DKK 1,300 million. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: kr.6.90 (vs kr.7.30 in 2Q 2024) Second quarter 2025 results: EPS: kr.6.90 (down from kr.7.30 in 2Q 2024). Revenue: kr.375.1m (up 2.8% from 2Q 2024). Net income: kr.39.6m (down 4.6% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 25
First quarter 2025 earnings released: kr.17.30 loss per share (vs kr.15.30 loss in 1Q 2024) First quarter 2025 results: kr.17.30 loss per share (further deteriorated from kr.15.30 loss in 1Q 2024). Revenue: kr.69.9m (down 23% from 1Q 2024). Net loss: kr.99.2m (loss widened 13% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 18
Upcoming dividend of kr.16.80 per share Eligible shareholders must have bought the stock before 25 April 2025. Payment date: 29 April 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Danish dividend payers (5.1%). Lower than average of industry peers (3.1%). Reported Earnings • Mar 23
Full year 2024 earnings released: EPS: kr.21.60 (vs kr.15.10 in FY 2023) Full year 2024 results: EPS: kr.21.60 (up from kr.15.10 in FY 2023). Revenue: kr.1.32b (up 8.8% from FY 2023). Net income: kr.123.6m (up 43% from FY 2023). Profit margin: 9.4% (up from 7.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • Mar 21
Tivoli A/S Provides Earnings Guidance for 2025 Tivoli A/S provided earnings guidance for 2025. For the year, the company expects revenue around DKK 1,300 million. The expectations for the financial results are below 2024 but are still at a higher level than previous years. Declared Dividend • Mar 20
Dividend increased to kr.16.80 Dividend of kr.16.80 is 346% higher than last year. Ex-date: 25th April 2025 Payment date: 29th April 2025 Dividend yield will be 2.8%, which is higher than the industry average of 2.1%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 70%. Duyuru • Mar 19
Tivoli A/S announces Annual dividend, payable on April 29, 2025 Tivoli A/S announced Annual dividend of DKK 16.8000 per share payable on April 29, 2025, ex-date on April 25, 2025 and record date on April 28, 2025. Duyuru • Dec 18
Tivoli A/S, Annual General Meeting, Apr 24, 2025 Tivoli A/S, Annual General Meeting, Apr 24, 2025. Duyuru • Dec 03
Tivoli A/S Revises Earnings Guidance for the Year 2024 Tivoli A/S revised earnings guidance for the year 2024. Tivoli's most recently announced expectations for 2024 were a revenue of around DKK 1,250 million and a profit before tax of around DKK 130 million. With this increase, Tivoli now expects a revenue of around DKK 1,300 million and a profit before tax of around DKK 150 million. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: kr.17.00 (vs kr.15.40 in 3Q 2023) Third quarter 2024 results: EPS: kr.17.00 (up from kr.15.40 in 3Q 2023). Revenue: kr.435.7m (up 1.5% from 3Q 2023). Net income: kr.97.5m (up 11% from 3Q 2023). Profit margin: 22% (up from 21% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Oct 04
Tivoli Announces Board Changes Following Esben Thykier being promoted to a leadership role at Tivoli, he has decided to resign from the Board of Directors as an employee representative member as of now. The first alternate, John Høegh Berthelsen, will join the Board of Directors for the remainder of the term until the ordinary general meeting in 2026, where elections for new employee representative board members will take place. Duyuru • Sep 17
Tivoli A/S Revises Earnings Guidance for the Full Year 2024 Tivoli A/S revised earnings guidance for the full year 2024. The summer season of 2024 ends on September 22nd, and the summer has brought changeable rainy weather, but also a beautiful end to the summer. The Tivoli Gardens have been well visited and Tivoli now increases the expectations for this year’s financial results. At the beginning of the year, the company's expectations for 2024 were revenue and profit before tax at the level of 2023, corresponding to a revenue around DKK 1,200 million and DKK 110 million. Based on this year’s first eight months, expectations for the rest of the year, and an adjustment of provisions in relating to the final settlements of COVID-19 compensation, Tivoli now increase expectations to a revenue of around DKK 1,250 million and a profit before tax of around DKK 130 million. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: kr.7.30 (vs kr.7.00 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.30 (up from kr.7.00 in 2Q 2023). Revenue: kr.364.9m (up 3.0% from 2Q 2023). Net income: kr.41.5m (up 3.5% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • May 15
Tivoli A/S Announces Step Down of Gregers Wedell-Wedellsborg from the Board Deputy Chairman in Tivoli A/S, Gregers Wedell-Wedellsborg have informed Tivoli, that he is stepping down from the Board of Directors with effect from the publication of the Interim Report for the period 1 January – 30 June 2024. The change is due to other new board activity for Gregers Wedell-Wedellsborg. Duyuru • Apr 24
Tivoli A/S Approves Dividend Tivoli A/S at the Annual General Meeting held on 23 April 2024, approved the Board of Directors' proposal to distribute a dividend of 25% of the result after tax, corresponding to DKK 21.6 million, which corresponds to DKK 3.77 per share for a shareholding of a nominal value of DKK 10. Reported Earnings • Apr 24
First quarter 2024 earnings released: kr.15.30 loss per share (vs kr.17.20 loss in 1Q 2023) First quarter 2024 results: kr.15.30 loss per share (improved from kr.17.20 loss in 1Q 2023). Revenue: kr.90.4m (up 46% from 1Q 2023). Net loss: kr.87.7m (loss narrowed 11% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Apr 23
Tivoli A/S Reaffirms Earnings Guidance for the Year 2024 Tivoli A/S reaffirmed earnings guidance for the year 2024. The company maintains the latest announced expectations, which means a revenue of around DKK 1,200 million. Upcoming Dividend • Apr 17
Upcoming dividend of kr.3.77 per share Eligible shareholders must have bought the stock before 24 April 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Danish dividend payers (5.5%). Lower than average of industry peers (3.0%). Declared Dividend • Mar 20
Dividend of kr.3.80 announced Shareholders will receive a dividend of kr.3.80. Ex-date: 24th April 2024 Payment date: 26th April 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 25%. Cash payout ratio: 31%. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: kr.15.10 (vs kr.11.39 in FY 2022) Full year 2023 results: EPS: kr.15.10 (up from kr.11.39 in FY 2022). Revenue: kr.1.21b (up 7.4% from FY 2022). Net income: kr.86.3m (up 33% from FY 2022). Profit margin: 7.1% (up from 5.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Jan 22
Tivoli A/S Provides Earnings Guidance for the Year 2024 Tivoli A/S provided earnings guidance for the year 2024. For the year, the company expects a revenue of around DKK 1,210 million, which for Tivoli is a revenue record. Duyuru • Oct 28
Tivoli A/S Provides Earning Guidance for 2023 Tivoli A/S provided earning guidance for 2023 . For the period, company expects revenue around DKK 1,150 million and a profit before tax in the range of DKK 70 Million-90 Million . Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: kr.15.40 (vs kr.13.20 in 3Q 2022) Third quarter 2023 results: EPS: kr.15.40 (up from kr.13.20 in 3Q 2022). Revenue: kr.429.4m (up 11% from 3Q 2022). Net income: kr.87.9m (up 16% from 3Q 2022). Profit margin: 21% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: kr.7.00 (vs kr.5.70 in 2Q 2022) Second quarter 2023 results: EPS: kr.7.00 (up from kr.5.70 in 2Q 2022). Revenue: kr.354.1m (up 5.5% from 2Q 2022). Net income: kr.40.1m (up 24% from 2Q 2022). Profit margin: 11% (up from 9.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 17
Tivoli A/S Increases Earnings Guidance for the Year 2023 Tivoli A/S Increased earnings guidance for the year 2023. For the year, the company is increasing its expectations to a revenue of around DKK 1,150 million for 2023. At the start of the year, the company's expectations for 2023 were revenue in line with 2022, corresponding to DKK 1,100 million. Upcoming Dividend • Apr 21
Upcoming dividend of kr.2.84 per share at 0.3% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 02 May 2023. Trailing yield: 0.3%. Lower than top quartile of Danish dividend payers (4.0%). Lower than average of industry peers (2.1%). Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: kr.11.40 (vs kr.7.26 loss in FY 2021) Full year 2022 results: EPS: kr.11.40 (up from kr.7.26 loss in FY 2021). Revenue: kr.1.13b (up 57% from FY 2021). Net income: kr.65.1m (up kr.106.6m from FY 2021). Profit margin: 5.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Oct 28
Tivoli A/S Reaffirms Earnings Guidance for 2022 Tivoli A/S reaffirmed earnings guidance for 2022. announced The company announced expectation is a revenue of around DKK 1,050 million and a profit before tax in the range of DKK 60-85 million DKK (cf. Stock Exchange announcement no. 9 of 15 August 2022). During the rest of the summer, the level of activity and results have been consistent with the latest expectations. On this basis, Tivoli maintains its expectations. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: kr.5.70 (vs kr.2.10 loss in 2Q 2021) Second quarter 2022 results: EPS: kr.5.70 (up from kr.2.10 loss in 2Q 2021). Revenue: kr.335.7m (up 145% from 2Q 2021). Net income: kr.32.4m (up kr.44.3m from 2Q 2021). Profit margin: 9.7% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Duyuru • Aug 16
Tivoli A/S Revises Financial Guidance for the Year 2022 Tivoli A/S revised financial guidance for the year 2022. The company announced that the interim report shows that the number of attendants, usage of what the Tivoli Gardens offers and the level of activity in general, has been significantly higher than expected. On this basis, the company has previously upgraded its expectations for 2022. Tivoli's most recently announced expectation was a revenue of around DKK 1,000 million. After the latest increase in expectations, high attendant figures and activity levels are still recognized, and are expected to continue for the rest of the summer season. On this basis, the company now expects a revenue of around DKK 1,050 million in 2022. This is at the same level as revenue in 2019 and significantly higher than in 2021. Duyuru • Jun 21
Tivoli A/S Provides Revenue Guidance for 2022 Tivoli A/S provided revenue guidance for 2022. The latest announced expectations for 2022 was revenue in the range of DKK 850-950 million and the expectation of a marginally positive result before tax. Tivoli now expects a revenue at the level of DKK 1,000 million as well as a profit before tax in the range of DKK 25-50 million. Duyuru • May 13
Tivoli Provides Earnings Guidance for 2022 Tivoli's previously announced expectations for 2022 was revenue on the range of DKK 800-900 million and a loss. Tivoli now expects revenue on the range of DKK 850 - DKK 950 million for 2022 and a marginal positive profit before tax. Board Change • May 10
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. 3 highly experienced directors. Member of Supervisory Board John Berthelsen is the most experienced director on the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • May 01
First quarter 2022 earnings released: kr.13.30 loss per share (vs kr.14.40 loss in 1Q 2021) First quarter 2022 results: kr.13.30 loss per share (up from kr.14.40 loss in 1Q 2021). Revenue: kr.52.2m (up 215% from 1Q 2021). Net loss: kr.75.9m (loss narrowed 8.4% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Member of Supervisory Board Claus Gregersen was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Apr 23
Tivoli A/S Elects Esben Thykier to the Supervisory Board Tivoli A/S at the Election of employee representatives to Supervisory Board was held on 19-20 April 2022 elected HR Business Partner Esben Thykier to the company's Supervisory Board. Reported Earnings • Mar 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr.7.30 loss per share (up from kr.25.00 loss in FY 2020). Revenue: kr.719.3m (up 51% from FY 2020). Net loss: kr.41.5m (loss narrowed 71% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Duyuru • Dec 22
Tivoli A/S Provides Earnings Guidance for the Fiscal Year 2021 Tivoli A/S provided earnings guidance for the fiscal year 2021. For the period, the company expects revenue in the range of DKK 700million and a loss before tax in the range of DKK 50 million. Tivoli maintains its expectations for 2021 despite the Garden's closure on 19December 2021 after a successful Halloween season and a good start of the Christmas season. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS kr.4.80 (vs kr.0.20 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr.285.5m (up 52% from 3Q 2020). Net income: kr.27.4m (up kr.28.3m from 3Q 2020). Profit margin: 9.6% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Duyuru • Sep 16
Tivoli A/S Raises Revenue Guidance for the Full Year of 2021 Tivoli A/S raised revenue guidance for the full year of 2021. For the period, the company now expects revenue in the range of DKK 650-700 million and a loss before tax in the range of DKK 65 million. Reported Earnings • Aug 18
Second quarter 2021 earnings released: kr.2.10 loss per share (vs kr.6.50 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr.136.9m (up 164% from 2Q 2020). Net loss: kr.11.9m (loss narrowed 67% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Duyuru • Jul 03
Tivoli Provides Earnings Guidance for the Year 2021 Tivoli provided earnings guidance for the year 2021. The company now expects revenue of approximately DKK 600 million. Duyuru • Apr 18
Tivoli Suspends Its Expectations for the Result for 2021 Due to Uncertainty About Compensation Tivoli is now temporarily suspending the profit expectations for 2021, which the company announced in connection with the annual report for 2020. The expectation was a loss before tax in the range of DKK 75-100 million. The suspension is caused by significant uncertainty about the compensation for fixed cost that Tivoli can obtain. The level of activity in Tivoli in 2021 is highly affected by the corona pandemic and the associated restrictions which means that Tivoli is covered by the fixed-cost compensation packages. In the latest executive order for compensation of fixed cost for the period 1 March 2021 and onwards, the rules regarding the maximum support that companies can receive have been changed in relation to previously published executive orders. In addition, it must be clarified, among other things, to what extent the executive order has further consequences with retroactive effect, and whether the changes can be positively mitigated by other allocations. Tivoli has been and is in dialogue with the authorities regarding the calculation of compensation for fixed costs. There is thus uncertainty about how the compensation should be calculated, especially in relation to the support ceiling. This uncertainty can affect Tivoli's compensation very significantly and, on this background, Tivoli suspends its profit expectations. Reported Earnings • Mar 13
Full year 2020 earnings released: kr.25.00 loss per share (vs kr.29.28 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: kr.477.7m (down 55% from FY 2019). Net loss: kr.142.9m (down 185% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • Feb 05
Astralis Group Signs an Agreement with Tivoli to Open the First Astralis Flagship Store and Gaming Experience in Tivoli Gardens, Copenhagen Astralis Group has signed an agreement with Tivoli to open the first Astralis Flagship Store and gaming experience in Tivoli Gardens, Copenhagen in the summer of 2021. The opening of the two story 1,200 sqm Astralis Flagship Store marks the launch of a new business area in Astralis Group with physical locations in relevant markets. The first multi-purpose Flagship Store will contain a merchandise store, VIP gaming facilities, performance stage, a large viewing area and a show room for the commercial partners of Astralis Group. Is New 90 Day High Low • Nov 11
New 90-day high: kr.698 The company is up 3.0% from its price of kr.680 on 13 August 2020. The Danish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 11% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of kr.71.2m, with earnings decreasing by kr.257.5m from the prior year. Total revenue was kr.659.9m over the last 12 months, down 38% from the prior year. Duyuru • Sep 26
Tivoli A/S Approves the Board of Directors' Proposal Not to Distribute Dividends for the Year 2020 Tivoli A/S approved the Board of Directors' proposal not to distribute dividends from the year's profit at the annual general meeting held on September 25, 2020. Is New 90 Day High Low • Sep 18
New 90-day low: kr.640 The company is down 11% from its price of kr.720 on 19 June 2020. The Danish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 2.0% over the same period.