Jungfraubahn Holding AG

EANS-Adhoc: Jungfraubahn Holding AG
Jungfrau Railway Group with record result

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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  announcement.
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18.04.2012

In 2011, the Jungfrau Railway Group achieved a record profit of 25.4 million
francs, exceeding the previous year´s result by 12.3 per cent. Comments on the
result will be made at today´s financial statement media conference in Bern.

With an operating revenue of 147.8 million francs, the Jungfrau Railway Group
recorded the highest revenue in its history. This growth was reached mainly in
the business with Asian guests. Some 765,000 people visited the Jungfraujoch-Top
of Europe in 2011, thus significantly exceeding the previous visitor record. The
Jungfrau Railway Group´s strategy of intensifying its global marketing
activities has clearly paid off.

In the winter-sport business segment, the Jungfrau Railway Group recorded a
revenue of 23.5 million francs, equivalent to a drop of 8.2 per cent in
comparison to the previous year. The winter-sport business suffered the effects
of the weak Euro and in addition, a period of warm weather set in in March 2011.
Late snowfall meant that the 2011/2012 winter season could first start on 17
December 2011.

The experience mountains segment, comprising excursion traffic to the Harder
Kulm, First and Winteregg-Mürren, was also adversely affected by the
exchange-rate situation. Nevertheless, the Jungfrau Railway Group achieved a
satisfying result in 2011. It was able to increase the revenue of the experience
mountains business segment by 4.7 per cent to 8.7 million francs.

The Jungfrau Railway Group can look back on a year during which it made above
average investments. A total of 45 million francs was invested in the
modernisation of facilities and the expansion of offers. The production plant of
the Lütschental power station was renewed. A 912 metre-long double-track rail
section was put into operation above Wengen. The company also invested in the
winter-sport segment with additional snowmaking facilities and took over the
Lauberhorn chairlift. On the Jungfraujoch, the Jungfrau Railway Group
constructed a 250-metre-long experience tunnel, which was opened on 30 March
2012.


Group result                          2011         2010         Variation 
                                      TCHF          TCH       in per cent

Operating revenue                  147,841      138,614               6.7
Traffic income                     110,228      104,205               5.8
EBIT                                30,989       28,980               6.9
Annual profit                       25,433       22,648              12.3
Free cash flow                      10,563       25,709             -58.9
Number of personnel                    493          485               1.6
(full time)

                                      2011         2010         Variation
                                       CHF          CHF       in per cent

Dividend                              1.80         1.60              12.5


 

The Annual General Meeting of the Jungfrau Railway Group will be held in
Interlaken on 14 May 2012. The Executive Board will submit two proposals, which
together will result in a dividend equivalent to 2.30 francs per share. It will
be proposed to raise the dividend to 1.80 francs, an increase of 20 centimes on
the previous year. It will also be proposed that shareholders receive an option
to the value of 0.50 francs per share. This is to be financed by the
withholding-tax-free reduction of share capital through reduction of the nominal
value. The precise conditions of the subscription-right programme will be
published after expiry of the statutory deadlines for the reduction of the share
capital; probably at the end of July 2012.


Paul von Allmen, member of the Jungfraubahn Holding AG Executive Board, will not
be standing for re-election at the coming Annual General Meeting. The Wengen
hotelier and long-term member of the Bern Cantonal Parliament joined the
Executive Board in 1981.

The Jungfraubahn Holding AG Executive Board will propose the election of Nils
Graf as the successor to Paul von Allmen. Nils Graf is 56 years old and owns a
construction business in Wengen. 



The Group profit & loss account, Group balance and business report for 2011 are
published under the link www.jungfrau.ch/reports.


Further inquiry note:
Urs Kessler, CEO
+4179 407 90 52

end of announcement                               euro adhoc 
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issuer:      Jungfraubahn Holding AG
             Harderstrasse 14
             CH-3800 Interlaken
phone:       +41 (0)33 828 71 11
FAX:         +41 (0)33 828 72 64
mail:     jb@jungfraubahn.ch
WWW:      www.jungfraubahn.ch
sector:      Railway
ISIN:        CH0017875789
indexes:     SPI
stockmarkets: Domestic Standard: SIX Swiss Exchange 
language:   English
 



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