Ad-hoc | 9 September 2015 07:00

Jungfraubahn Holding AG: The Jungfrau Railway Group achieved a half-year profit of 14.6 million francs.

EQS Group-Ad-hoc: Jungfraubahn Holding AG / Key word(s): Half Year Results

2015-09-09 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

Media release Jungfrau Railway Group Wednesday, 9 September 2015

The Jungfrau Railway Group achieved a half-year profit of 14.6 million francs.

The Jungfrau Railway Group can look back on a pleasing course of business in the first semester of 2015. The company achieved an operating revenue of CHF 86.4 million, an increase of CHF 6.9 million, or 8.7%, compared to the previous year. The increase in revenue was largely due to more traffic income, which rose by CHF 6.4 million compared to the same period in 2014. A profit of 14.6 million francs was achieved in the first half-year.

Excursion traffic to the Jungfraujoch – Top of Europe continues to benefit from the rising demand from Asia. Some 424,600 visitors travelled to the Jungfraujoch in the first half of 2015, an increase of 69,700 on last year. The fact that the company has continued to intensively cultivate the Asian market and strengthen the Jungfraujoch – Top of Europe brand is clearly bearing fruit.

Overall, the experience mountains segment of the Jungfrau Railway Group started the summer season on a positive note. The daily evening trips made by the Harder Railway have paid off and led to a significant increase in visitor numbers compared to the same period last year.

After a difficult start to the 2014/2015 winter season caused by unfavourable weather conditions, the result for the period under review also sank to below the average from January to the end of the 2015 season. Despite good snow conditions, declining numbers were recorded for both day-visitors and holiday guests. From 1 January 2015 to the end of the winter season, the JUNGFRAU Ski Region, in which the Jungfrau Railway Group holds a 60% revenue share, recorded 839,400 skier visits, a reduction of 3.3%. The resultant traffic revenue from the winter-sport business for the Jungfrau Railway Group was CHF 17.2 million, a reduction of 2.7%. This result is considerably below the good winter-sport years.

In the first semester of 2015, the Jungfrau Railway Group achieved a profit of CHF 14.6 million, a half-year result of 24.8% above that of the previous year. The company recorded an operative result (EBIT) of CHF 19.3 million and achieved an EBIT margin of 22.3%.

The revoking of the euro minimum level of CHF 1.20 only marginally affected our company in the first half of 2015. Although the marked drop in holiday visitors from the euro area during recent years has accelerated, this has been compensated by the increase in visitors from Asia and the Middle East.

Visitor frequencies	2015	2014	Change
1.1.-30.6.
Jungfraujoch (arr.)	424,600	354,900	19.6%
Skier Visits JUNGFRAU Ski Region	839,400	868,100	-3.3%
Traffic revenue (TCHF)
Jungfraujoch-Top of Europe	47,081	39,799	18.3%
Experience mountains	3,787	3,539	7.0%
Winter sport	17,226	17,699	-2.7%
Freight traffic	812	843	-3.7%
Total gross traffic income	68,906	61,880	11.4%
Reduction in revenue	-3,532	-2,877	22.8%
Total	65,374	59,003	10.8%

Prospects
The positive trend shown by our main pillar of income – excursion traffic to the Jungfraujoch – has continued at the beginning of the second half of 2015. In July and August, the Jungfrau Railway has virtually constantly reached its capacity limit. Thanks to the sustained and wonderfully warm summer weather many individual guests also travelled to the Top of Europe. Based on the excellent level of bookings, the Jungfrau Railway Group is confident that the success of previous years will continue. In the experience mountains segment, visitor numbers in July and August were also well above those of last year and the five-year average. The Jungfrau Railway Group is hoping for an early start to the 2015/2016 winter season. We anticipate a further drop in the number of winter holiday guests owing to the strong Swiss franc.

For questions:

Urs Kessler, CEO
+41 (0)79 407 90 52

Patrizia Bickel, Head Corporate Communications
+41 (0)79 222 53 10

End of ad hoc announcement

2015-09-09 News transmitted by EQS Schweiz AG. www.eqs.com – news archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.

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

End of News EQS Group News Service

393221  2015-09-09