Jungfraubahn Holding AG: Jungfrau Railway Group achieved highest profit ever Mittwoch, 22. April 2015 - 07:04
Jungfraubahn Holding AG / Key word(s): Final Results Jungfraubahn Holding AG: Jungfrau Railway Group achieved highest profit ever 22.04.2015 / 07:00 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------
Jungfraubahn Holding AG Media Release Wednesday, 22 April 2015
Jungfrau Railway Group achieved highest profit ever
The Jungfrau Railway Group has once again increased its result in comparison to the previous year, achieving a record profit of 30.4 million francs in 2014. The result will be commented on at today's financial statement media conference in Bern.
With an operating revenue of 165 million francs, the Jungfrau Railway Group recorded the highest revenue in its history, achieving an increase of 0.8% on the previous year's record figure. The growth was reached mainly in business with Asian guests. In 2014, for the first time, over 850,000 guests travelled to Europe's highest-altitude railway station: a total of 866,000 people visited the Jungfraujoch. This represents an increase of 5.2 percent over the previous year and the best result since the opening of the Jungfrau Railway in 1912. In the Jungfraujoch - Top of Europe business segment, the traffic revenue result of CHF 94.3 million showed a plus of 1.8%. The Jungfrau Railways' further global strengthening of the Jungfraujoch - Top of Europe brand has clearly paid off.
The Jungfrau Railway Group recorded consistently good visitor numbers in the experience mountains business segment, which comprises excursion traffic to the Harder Kulm, First and Winteregg-Mürren. In 2014, total traffic revenue increased by 7.5% to CHF 10 million, another record.
The positive development of the Jungfraujoch - Top of Europe and experience mountains business segments made it possible to offset the decline in results in the winter sport segment. Winter sport was below average with revenue of 22.1 million francs, a drop of 9% in comparison to last year. This was in particular down to the fall in the number of holiday guests from the beginning of the year to the end of the season in spring 2014. The 2014/15 winter season also faced a difficult start with less than favourable weather conditions.
The Jungfrau Railway Group invested 57 million francs during the year under review. A major portion was used for the procurement of new rolling stock in relation to the V-Cableway project. CHF 50 million was spent on the V-Cableway project up to the end of 2014. This is about one-fifth of the total that the Jungfrau Railway Group is investing in the project.
Group result 2014 2013 Change
TCHF TCHF in per cent
Operating revenue 165,311 164,047 0.8
Traffic income 121,497 121,547 0.0
EBIT 38,634 38,376 0.7
Annual profit 30,352 30,165 0.6
Free cash flow -235 35,578 -100.7
Number of staff 519 510 1.8
(full time)
2014 2013 Change
CHF CHF in per cent
Dividend 1.80 1.80 0.0
The group profit & loss account, group balance and business report for 2014, as well as proposals to the AGM, are published under the link www.jungfrau.ch/reports.
Please note: 2015 Prospects on page 2
Prospects
The start of 2015 has proved successful for the Jungfraujoch. An increase in frequency of almost 25,000 visitors was recorded up to 19 April 2015. This equates to a plus of 18% compared to last year. In contrast, and despite excellent snow and piste conditions, the winter sports segment remained in decline from the beginning of the season in December 2014 to the end in April 2015. At 975,000 guests, skier visits were 7% down on the 2013/2014 winter-sport season.
The Annual General Meeting of the Jungfrau Railway Group will be held in Interlaken on 18 May 2015. The Executive Board recommend an unchanged dividend of 1.80 francs.
For questions: Urs Kessler, CEO, chairman of the Management Board, +41 (0)79 407 90 52
