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
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
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.
Tivoli's previous expectations for 2021 were revenue in the range of
When it is possible for Tivoli to make a more detailed estimate of compensation for fixed costs, Tivoli will update its profit expectations.
Best regards
Tom Knutzen
Chairman CEO
Contactperson: Head of press,
Attachment
Tivoli AS - Stock Exchange Announcement no 4 - Suspension of expectations
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