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Grab’s Money-Saving Rides, Deliveries Fuel Growth
Bloomberg Technology· 2025-11-04 21:28
That's so interesting. Right. You just heard Natalie talking about Uber bringing in new products that hurts profitability.Your strategy seems to me to be like more affordable products for a wider audience base, customer base. But you're doing it in a way that is accretive to your bottom line. How have you done that.That's right, Dad. We went on point in terms of strategy, making our product more affordable, and we really widened the top of the funnel for us. If you look at the third quarter, we have now 48 ...
Interim Report for the period 1 January - 30 September 2025
Globenewswire· 2025-10-30 08:55
Core Insights - Tivoli A/S reported lower attendance figures, revenue, and profits for the period of January 1 to September 30, 2025, compared to the same period in 2024, primarily due to fewer opening days and the absence of COVID-19 compensation income recognized in 2024 [1][5]. Financial Performance - Revenue for the first nine months of 2025 was DKK 886.5 million, a decrease of 1% from DKK 891.0 million in the previous year [5]. - EBITDA decreased by 16% to DKK 123.2 million from DKK 147.0 million year-over-year [5]. - Profit before tax fell by 44% to DKK 34.6 million compared to DKK 61.4 million in the same period last year [5]. - Attendance figures were 2,689 thousand visitors, down 2% from 2,737 thousand in the previous year, attributed to 5% fewer opening days [5]. Operational Highlights - Tivoli experienced a successful summer season despite challenges such as unstable weather, with 1.3 million guests visiting in the first half of 2025, one-third of whom were from international markets [2]. - The company is on track with its redevelopment of a new amusement area, set to open in summer 2026, which will include new attractions and culinary experiences [2]. - Anticipation for a well-attended late summer season and upcoming events, such as the Garden & Flower Festival, is high [2]. Outlook - Tivoli has increased its revenue expectations for 2025 to a range of DKK 1,325 million and profit before tax to around DKK 145 million, reflecting a strong start to the Halloween season and positive outlook for the Christmas season [3].
Interim Report for the period 1 January - 30 June 2025
Globenewswire· 2025-08-15 08:03
Company Performance - Tivoli A/S reported a revenue of DKK 445.0 million for the first half of 2025, a decrease of 2% compared to DKK 455.3 million in the same period last year [4] - The company recorded an EBITDA of DKK -17.8 million, worsening from DKK -6.3 million in the previous year [4] - Profit before tax was DKK -76.1 million, compared to DKK -63.5 million last year [4] - Attendance figures showed 1.3 million visitors, down 5% from 1.39 million in the first half of 2024 [4] Seasonal Insights - The summer season for Tivoli opened on April 4, 2025, which was two weeks later than in 2024 due to a later Easter [1] - Despite unstable weather and significant rainfall impacting outdoor operations, overall attendance met expectations [1][2] - Approximately one-third of the visitors were from international markets, indicating growing interest from European and U.S. markets [1] Future Outlook - Tivoli maintains its revenue expectations for 2025 in the range of DKK 1,300 million and profit before tax in the range of DKK 130 million [2] - The redevelopment of a new amusement area is on track to open in summer 2026, which will include new attractions and culinary experiences [1] - The company anticipates a well-attended late summer season, particularly looking forward to the upcoming Garden & Flower Festival at the end of August [1]