28.02.2017 – 07:05

Jungfraubahn Holding AG

EQS-Adhoc: Jungfraubahn Holding AG: The 2016 business year - average yield increased

EQS Group-Ad-hoc: Jungfraubahn Holding AG / Key word(s): Miscellaneous
Jungfraubahn Holding AG: The 2016 business year - average yield increased

28-Feb-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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Press releaseJungfraubahn Holding AGTuesday, 28 February 2017  


The 2016 business year - average yield increased


The Jungfrau Railway Group looks back on a challenging 2016 business year. It
achieved a traffic income of 126 million francs. Despite a decline of six per
cent compared to the record achieved last year, it recorded the second highest
traffic income in its history. At the same time, the average profit in the
Jungfraujoch - Top of Europe segment increased by 1.7 per cent.

Jungfraujoch - Top of Europe

Despite the challenging environment, the second-best result was achieved in
terms of frequencies as well as traffic income in the history of the Jungfrau
Railway. Although the terrorist attacks in Europe, the unrest in Turkey and the
refugee problems had a significant effect on the number of visitors, especially
in group business from Asia, a total of 916,500 guests travelled to the Top of
Europe in 2016. To achieve this, it was crucial that the company had again
increased the intensity of cultivating the Asia market in order to further
strengthen the Jungfraujoch brand. Traffic income of CHF 100.3 million achieved
in the Jungfraujoch segment was 7.6 per cent lower compared to the record
attained year. However, the 100 million threshold could be exceeded again for
the second time.

Winter sport

The result for the Jungfrau Ski Region fell below average from the beginning of
2016 to the end of the season in spring 2016. Despite good snow conditions
declining numbers were recorded both for day-visitor as well as holiday guests.
Thanks to an early start to the winter, Jungfrau Railways were able to begin the
2016/2017 winter-sport season as early as mid-November 2016. Efficient
snowmaking equipment made it possible to maintain the offer of good piste
conditions throughout the Kleine Scheidegg skiing area despite the continual
high-pressure weather in December. In the Grindelwald-First ski area a reduced
operation for freestylers was possible and in the lower area mountain carts and
scooter bikes were offered as alternatives. The Jungfrau Ski Region is a
cooperative product on which the Jungfrau Railway Group holds more than 60%. In
2016, a total of 909,000 first entries were recorded in the entire Jungfrau Ski.
Region. In the winter sports segment, traffic income fell by 10.9 per cent to
CHF 19.6 million francs.

Experience mountains

The Jungfrau Railway Group recorded good results throughout the experience
mountains business segment, which comprises excursion traffic to the Harder
Kulm, First and Winteregg-Mürren. With a gain of 16.8 per cent, traffic income
was once again significantly increased. The First Aerial Cableway achieved a
plus of 22.7 per cent. The Harder Railway increased its traffic income by 17.4
per cent. The Lauterbrunnen-Mürren Rail & Cableway achieved a growth in traffic
income of 6.1 per cent. A total of almost CHF 13.3 million was generated in the
experience mountains segment; a traffic income of almost two million higher than
in the previous year.

Prospects for 2017

The 2017 business year in the Jungfraujoch segment began well. From 1 January to
15 February 2017, 61,045 guests visited the Top of Europe, thus exceeding the
previous record year of 2015. In comparison to the same period in the previous
year, an increase of 17,058 guests, or 38.8 per cent, was recorded. As expected,
the winter sports business continues to be challenging. The decline seen in
recent years continues. This is due in particular to the difficult start to the
current season, which cannot be compensated for even by an excellent end to the
season.


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To combat the downward trend in winter sports, Jungfrau Railways are focusing on
a continued increase in quality. With the planned V-Cableway project, with a
direct public transport link, travel times will be considerably reduced and
facilities aligned with international standards created. The aim is to obtain
permission to build this coming summer.

The complete letter to shareholders with details of the 2017 Annual General
Meeting (AGM) of Jungfraubahn Holding AG can be found at the following link:

https://www.jungfrau.ch/en-gb/corporate/investor-relations/finance-reports/

For questions:
Patrizia Bickel, Head of Corporate Communications, +41 (0)79 222 53 10



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End of ad hoc announcement------------------------------------------------------

Language: English

Company:  Jungfraubahn Holding AG

          Harderstrasse 14

          3800 Interlaken

          Switzerland

Phone:    +41 33 828 71 11

Fax:      +41 33 828 72 64

E-mail:    info@jungfrau.ch

Internet: www.jungfrau.ch

ISIN:     CH0017875789

Valor:    A0CACJ

Listed:   Regulated Unofficial Market in Stuttgart; SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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547947  28-Feb-2017 CET/CEST