Jungfraubahn Holding AG: Financial year 2017 - over 140 million transport income Dienstag, 27. Februar 2018 - 07:01

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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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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