PARKEN Sport & Entertainment (PARKEN) Q2 2024 earnings summary

Executive summary

• High activity in H1 2024 drove increases in both revenue and costs, with 12 football matches and five major concerts, including UEFA Champions League and Metallica events, boosting attendance and sales.

• Lalandia saw higher overnight stays and sold 22 new holiday homes, continuing positive trends from 2023.

• F.C. København signed major new sponsorships with Carlsberg, adidas, and Unibet.

• Group revenue rose to DKK 633.1 million, up DKK 102.7 million year-over-year.

• Net profit for the period was DKK 30.3 million, up from DKK 20.5 million in H1 2023.

Financial highlights

• Revenue: DKK 633.1 million, up from DKK 530.4 million in H1 2023.

• Operating profit before amortization and transfers: DKK 23.5 million (H1 2023: DKK -11.9 million).

• Transfer activities resulted in a loss of DKK -21.8 million (H1 2023: gain of DKK 61.9 million).

• Net profit: DKK 30.3 million (H1 2023: DKK 20.5 million).

• Cash flow from operations: DKK 232.5 million (H1 2023: DKK 76.1 million).

Outlook and guidance

• Full-year 2024 guidance maintained: revenue expected at DKK 1,400–1,500 million and pre-tax profit at DKK 250–300 million.