Denmark's Tivoli H1 EBITDA loss widens on seasonal costs, planned investments
Denmark's Tivoli H1 EBITDA loss widens on seasonal costs, planned investments
Overview
Denmark amusement park operator's H1 revenue rose 6% yr/yr as guest spending increased
EBITDA and pretax loss widened due to seasonal costs and planned investments
Company maintained 2026 outlook, citing new Hikari area and gaming business acquisition
Outlook
Tivoli expects 2026 revenue of around DKK 1,400 mln
Company maintains 2026 profit before tax forecast at DKK 145 mln
Tivoli says recent investments will raise costs short term but are expected to boost long-term earnings
Result Drivers
GUEST SPENDING - Co said revenue and spend per guest rose due to increased consumption of attractions, restaurants and cultural offerings
SEASONAL COSTS AND INVESTMENTS - Co said wider loss reflected seasonal costs and planned investments, including new amusement area and gaming business acquisition
WEATHER IMPACT - Co said highly variable weather, including heatwaves and heavy rainfall, affected attendance in June
Company press release: ID:nGNEbF6sny
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 EBITDA |
| -DKK 38.30 mln |
|
H1 Pretax Loss |
| DKK 100.90 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)