Tivoli A/S/DKr TIV
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Capital at risk
About Tivoli A/S
Tivoli A/S operates Tivoli Gardens, an amusement park and cultural venue in Copenhagen, Denmark. Established in 1843, it is among the world's oldest operating amusement parks. The park features over 30 rides, including the historic Rutschebanen wooden roller coaster from 1914, and hosts a variety of cultural events such as concerts, theater performances, and seasonal festivals. Additionally, Tivoli A/S manages the Nimb Hotel, a five-star boutique hotel with associated fitness, pool, and spa facilities, as well as multiple dining establishments under the Nimb brand. The company also leases space to various shops and restaurants within the park and operates the Pantomime Theatre, Tivoli Youth Guard, and Tivoli Ballet School. Headquartered in Copenhagen, Tivoli A/S is a public limited company with approximately 21,000 shareholders.
- Ticker
- DKr TIV
- Sector
- Consumer Discretionary
- Primary listing
- CSE
- Employees
- 1,070
- Headquarters
- Copenhagen, Denmark
- Website
- www.tivoli.dk
Tivoli A/S Metrics
BasicAdvanced
kr 3.5B
35.28
kr 17.75
0.29
kr 5.50
0.88%
Price and volume
Market cap
kr 3.5B
Beta
0.29
52-week high
kr 658.00
52-week low
kr 584.00
Average daily volume
790
Dividend rate
kr 5.50
Financial strength
Current ratio
0.39
Quick ratio
0.283
Long term debt to equity
0.263
Total debt to equity
0.389
Dividend payout ratio (TTM)
31.26%
Interest coverage (TTM)
17.19%
Profitability
EBITDA (TTM)
260.7
Gross margin (TTM)
66.52%
Net profit margin (TTM)
7.38%
Operating margin (TTM)
10.16%
Effective tax rate (TTM)
23.12%
Revenue per employee (TTM)
kr 1,280,000
Management effectiveness
Return on assets (TTM)
4.66%
Return on equity (TTM)
9.25%
Valuation
Price to earnings (TTM)
35.277
Price to revenue (TTM)
2.603
Price to book
3.14
Price to tangible book (TTM)
3.43
Price to free cash flow (TTM)
199.244
Free cash flow yield (TTM)
0.50%
Free cash flow per share (TTM)
3.142
Dividend yield (TTM)
0.88%
Forward dividend yield
0.88%
Growth
Revenue change (TTM)
4.53%
Earnings per share change (TTM)
-7.80%
3-year revenue growth (CAGR)
5.76%
10-year revenue growth (CAGR)
4.23%
3-year earnings per share growth (CAGR)
25.91%
10-year earnings per share growth (CAGR)
10.73%
3-year dividend per share growth (CAGR)
25.24%
10-year dividend per share growth (CAGR)
11.10%
Bulls say / Bears say
Tivoli delivered a strong 2025 base, with revenue up 2% to DKK 1,344.7 million, EBITDA up 4% to DKK 281.2 million and visitors up 1% to 4.304 million, supporting the strength of its brand and commercial model. (Nasdaq Copenhagen)
Hikari opened on 15 August 2026 as Tivoli’s largest themed-area investment, adding two attractions, five food outlets and new retail concepts; it could increase repeat visits, guest spending and the park’s international appeal. (InterPark)
Despite challenging weather, first-half 2026 revenue rose 6% to DKK 470.3 million and Tivoli reported higher spending per guest while maintaining its full-year outlook of approximately DKK 1.4 billion revenue and DKK 145 million profit before tax. (Tivoli A/S)
First-half 2026 EBITDA fell to DKK -38.3 million from DKK -17.8 million, while profit before tax declined to DKK -100.9 million from DKK -76.1 million; flat visitor numbers and adverse June weather highlight operating sensitivity. (Tivoli A/S)
Tivoli’s 2026 guidance implies profit before tax of around DKK 145 million, below the DKK 156.3 million achieved in 2025, as Hikari, the gaming-business acquisition and other investments weigh on near-term costs. (Nasdaq Copenhagen)
The business remains highly seasonal: Tivoli expects a substantial first-half loss because maintenance, development and preparation costs occur before the main visitor season, increasing dependence on strong summer and Christmas trading. (Tivoli A/S)
Data summarised monthly by Lightyear AI. Last updated on 8 Sept 2026.
Upcoming events
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Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.