27.02.2018 – 07:07

Jungfraubahn Holding AG

EQS-Adhoc: Jungfraubahn Holding AG: Financial year 2017 - over 140 million transport income

EQS Group-Ad-hoc: Jungfraubahn Holding AG / Key word(s): Miscellaneous
Jungfraubahn Holding AG: Financial year 2017 - over 140 million transport income

27-Feb-2018 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Press releaseJungfraubahn Holding AG      Tuesday, 27 February 2018
 
Financial year 2017 - over 140 million transport income

The Jungfrau Railway Group can look back on a strong financial year of 2017. It
achieved a net transport income of 144 million francs. This means an increase of
14.1 per cent from the previous year and corresponds to the highest transport
income generated to date. The positive result was attained from an increase in
all segments.

Thanks to the successful business development, widely supported in all segments,
the Jungfrau Railway Group expects a profit of over 40 million francs for the
reporting year. The result will be announced on 4 April 2018.

Jungfraujoch - Top of Europe

Excursions to the Jungfraujoch - Top of Europe continued to benefit from the
diversification of the markets as well as the significantly stronger demand from
Asia compared with 2016. The best results in the history of the Jungfrau Railway
could be achieved, both in terms of visitor numbers and transport income. With
1,041,500 visitors, more than a million guests travelled to the Jungfraujoch in
the reporting year, for the second time since 2015. After a slower previous
year, it was important for the company to once again intensify its active
involvement in Asian markets, in order to improve customer satisfaction through
quality measures and to further strengthen the Jungfraujoch - Top of Europe
brand. The net transport income for the Jungfraujoch segment could be increased
compared to the previous year by 14.8 per cent, with CHF 107.2 million.

Experience Mountains

For all experience mountains, which include excursion transport to Harder Kulm,
First and Winteregg-Mürren, the Jungfrau Railway Group registered record
results. With an increase of 21.1 per cent in total, net transport income could
once again be significantly increased. The Harder Railway achieved an increase
in net transport income of 39.5 per cent. The First Railway booked an increase
of 18.3 per cent. The Lauterbrunnen-Mürren mountain railway achieved an 11.6 per
cent increase in net transport income. For the experience mountains overall, a
2.8 million higher transport income was generated than in the previous year,
with 15.9 million francs.

Winter Sports

For the winter sports segment, the result of the start of 2017 until the end of
the season in spring 2017 was below average. However, thanks to the early
snowfall and cold temperatures, Jungfrau Railways was able to start the
2017/2018 winter sports season as early as mid-November 2017 and offer
continuous winter sports operations in Grindelwald and Wengen early on. The
Jungfrau Ski Region is a co-operation in which the Jungfraubahn Group holds more
than 60%. In 2017, 936,500 new entries were recorded throughout the Jungfrau Ski
Region. For the winter sports segment, the net transport income could be
increased from 2016 by 6.5 per cent. However, with 20.7 million francs in
comparison with the good winter sports years 2007/2008, it remains unchanged at
a low level.

Outlook

The 2018 financial year began slowly in the Jungfraujoch segment. Due to heavy
gales in January, operation was significantly affected for a total of ten days
with partial or complete closures. From 1 January to 15 February 2018, 46,392
guests visited the Top of Europe, which is a decline of 24.0 per cent versus the
previous record year. However, the Jungfrau Railway Group currently registers a
good booking status for the current financial year.

For the winter sports segment, the positive start to the season was also
noticeably overshadowed by numerous cancelled days in January 2018 following
heavy gales. The winter sport business continues to be challenging. Despite an
early start, a strong season is not to be expected overall.

To fight the downward trend in winter sports, Jungfrau Railways continues to
focus on improving quality. With the planned V-Cableway project, travel times
are to be greatly shortened with a direct connection to public transport, as
well as the creation of facilities of international standard. They expect to
obtain the building permit from the Federal Office of Transport (FOT) by the end
of April 2018, which means that the timely commissioning of the new
Grindelwald-Männlichen gondola cableway is guaranteed by the end of December
2019.

Link to
Webseite:https://www.jungfrau.ch/en-gb/corporate/investor-relations/adhoc-news/

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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658037  27-Feb-2018 CET/CEST