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20.04.2016 07:00:13
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EQS-Ad hoc: Jungfraubahn Holding AG (N)
EQS Group-Ad-hoc: Jungfraubahn Holding AG / Key word(s): Final Results
Jungfraubahn Holding AG: Jungfrau Railway Group achieves best result ever
20.04.2016 / 07:00
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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Jungfraubahn Holding AG Media Release Wednesday, 20 April 2016
Jungfrau Railway Group achieves best result ever
In 2015, the Jungfrau Railway Group achieved the highest profit in its
history with 36.2 million francs. It was thus able to exceed the previous
year's result by 19.3 per cent. The result will be commented on at today's
financial statement media conference in Bern.
With an operating revenue of 179 million francs, the Jungfrau Railway Group
recorded the highest revenue in its history. The increase on the previous
year's record figure was 8.1 per cent. This growth was mainly reached in
the business with Asian guests.
Jungfraujoch - Top of Europe
In 2015, for the first time, over 1 million visitors travelled to Europe's
highest-altitude railway station. The millionth guest arrived on the
Jungfraujoch on 30 December 2015. In 2015, a total of 1,007,000 persons
visited the Jungfraujoch, the best result since the Jungfrau Railway opened
in 1912. For the first time, traffic income in the Jungfraujoch business
segment exceeded the 100-million franc mark with a figure of 107.6 million
francs, an increase of 14.1 per cent. The net revenue in this segment
amounted to 119.4 million francs. In addition to traffic revenue, this also
includes revenue from the Top of Europe shops, rental income from
restaurants, residential and business premises, proportionate compensation
payments for access-provision for the village of Wengen and income from
various services. It was possible to increase net revenue by 11.7 per cent
compared to the previous year.
Experience mountains
In the experience mountains business segment, which comprises excursion
traffic to the Harder Kulm, First and Winteregg-Mürren, the Jungfrau
Railway Group also recorded positive results throughout. Overall, the
experience mountains segment achieved a traffic revenue of 11.2 million
francs, an increase of 12.1 per cent on the previous year. At 15.9 million
francs, the net revenue for this segment increased by 7.3 per cent compared
to 2014. In addition to traffic income, this includes revenue from
adventure offers, compensation payments for access provision to the village
of Mürren, rental income from restaurants, residential and business
premises and income from various services.
Winter sport
The winter-sport segment recorded a below-average result. Traffic income
fell by 0.6 million francs to 21.6 million francs. This represents a minus
of 2.5 per cent on the previous year. The reduction in revenue was due to a
drop in visitor numbers in day-visitors as well as holiday guests. The
constantly warm temperatures and little snow meant that the Jungfrau Ski
Region had a difficult start to the 2015/2016 winter season, similar to the
previous year. The net revenue for the winter-sport segment amounted to
26.8 million francs, a minus of 2.4 per cent compared to 2014. In addition
to traffic revenue, the net revenue also includes proportionate
compensation payments for access-provision for the village of Wengen,
rental income from restaurants, residential and business premises as well
as from various services.
Net revenue from other segments amounted to 42.3 million francs, an
increase of 2.6 percent on the year before. The other segments in
particular include the power plant of the Jungfrau Railway, Jungfrau
Railways Management AG and the parking garage in Lauterbrunnen.
Segment information
In thousand CHF 2015 2014 Change in %
Segment revenue
Net revenue Jungfraujoch 119,433 106,915 11.7%
Net revenue Experience mountains 15,862 14,782 7.3%
Net revenue Winter sport 26,847 27,512 -2.4%
Net revenue other segments 42,251 41,186 2.6%
Elimination intercompany revenues -25,697 -25,084 2.4%
Total operating revenue 178,696 165,311 8.1%
Investments
The Jungfrau Railway Group invested 58 million francs during the year under
review. A major portion of this was used for the procurement of new rolling
stock for the Wengernalp Railway and Jungfrau Railway to do with the
V-Cableway project. Some 75 million francs was spent on the V-Cableway
project by the end of 2015. This is already around 30% of the total sum
that the Jungfrau Railway Group is investing in the project.
Key data to the Group result
In thousand CHF 2015 2014 Change in %
Operating revenue 178,696 165,311 8.1%
Traffic income 133,969 121,497 10.3%
EBIT 47,000 38,634 21.7%
Annual profit 36,211 30,352 19.3%
Free cash flow 5,443 -235 -2416.2%
Number of staff (full time) 525 519 1.2%
2015 2014 Change in %
Dividend 2.00 1.80 11.1%
The group profit & loss account, group balance and business report for
2015, as well as proposals to the AGM, are published under the link
www.jungfrau.ch/berichte.
Prospects
Despite the difficult situation caused by several group cancellations
following the attacks in Paris and Brussels as well as the introduction of
biometric visas for visitors from China, only 18,800 fewer guests to the
Top of Europe were recorded up to 15 April 2016 in comparison to last
year's record result. This represents a reduction of 12.8 per cent.
However, from January to March, consistently higher visitor numbers were
achieved compared to the average over the past five years. In the first
quarter of 2016, this is the second-best result in the history of the
Jungfraujoch.
The terrorist threat in Europe represents a major challenge for the current
year. The diversification and continuing intensive cultivation of the Asian
markets fill Jungfrau Railways with confidence in regard to summer business
and the future course of business. From mid-May 2016, individual seat
reservations and an extended evening timetable will be introduced on the
Kleine Scheidegg-Jungfraujoch section, with the aim of increasing quality.
The winter sports business continued to decline from the start of the
season in December, 2015 to the end of the season in April 2016. At 943,000
guests, the number of skier visits was 3.3 % below the figure for the
2014/2015 winter-sport season.
The Annual General Meeting of the Jungfrau Railway Group will be held in
Interlaken on 23 May 2016. The executive board proposes a dividend increase
from 1.80 to 2.00 francs.
Link to extract on business report 2015 in English: www.jungfrau.ch/reports
Link to business report 2015 in German:
http://www.jungfrau.ch/unternehmen/investment/berichte/geschaeftsberichte-
download/
For questions:
Urs Kessler, CEO, Chairman of the Management Board, +41 (0)79 407 90 52
Patrizia Bickel, Head of Corporate Communications + 41 (0)79 222 53 10
End of ad hoc announcement
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20.04.2016 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.
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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
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