Jungfraubahn Holding AG

EANS-Adhoc: Jungfraubahn Holding AG
Jungfrau Railway Group with increased operating revenue


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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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11.09.2012

The Jungfrau Railway Group can look back on a good business performance in the
first semester of 2012. It achieved an operating revenue of CHF 75.1 million, an
increase of CHF 3.4 million or 4.8 per cent compared to the previous year. The
increase in revenue was primarily due to higher income generated by the energy
business thanks to the new production plant at the Lütschental power station.

The excursion traffic to the Jungfraujoch - Top of Europe developed very
favourably. The Jungfrau Railway is celebrating its centenary in 2012 and
achieved record figures in the first semester of its anniversary year: some
339,400 guests visited the Jungfraujoch, more than at any other time in its
history. The decisive factor for the increase was mainly the flourishing Asian
business. The fact that the company has continued to cultivate the Asian market
intensively and strengthen the Jungfraujoch - top of Europe brand is clearly
bearing fruit. The result could have been even better, had it not been for the
strong winds and heavy snowfall that led to closure of the Jungfraujoch on five
days.

In contrast to the excursion traffic to the Jungfraujoch, winter-sport business
was mediocre. The weak Euro in comparison to the Swiss franc led to a reduction
in the number of guests from neighbouring countries taking ski holidays in the
Jungfrau Region. The very cold period in February 2012 also had a negative
effect on visitor numbers. The Jungfrau Ski Region, in which the Jungfrau
Railway Group has a 63% revenue share, recorded 901,400 skier visits at the end
of the winter season, a drop of 6.3 per cent. The resultant revenue from the
winter-sport business for the Jungfrau Railway Group was CHF 18 million,
equivalent to a drop of 7.1 per cent.

In the first semester of 2012, the Jungfrau Railway Group achieved a profit of
CHF 10.6 million, thus showing a half-year result of 4.6 per cent below that of
the previous year. Costs exceeded those of last year owing to expenditure on the
centenary and additional staff. The company recorded an operative result (EBIT)
of CHF 13.2 million and achieved an EBIT margin of 17.6 per cent.


Visitor frequencies                          2012       2011        Change
1.1.-30.6.                      
Jungfraujoch (arr.)                       339,400    313,600          8.2%
Skier visits JUNGFRAU Ski Region          901,400    961,700         -6.3%
                        
Traffic revenue (TCHF)                  
Jungfraujoch-Top of Europe                 35,320     33,777          4.6%
Experience mountains                        2,752      2,798         -1.6%
Winter sport                               18,048     19,428         -7.1%
Freight traffic                               812        775          4.8%
Total Traffic income gross                 56,932     56,778          0.3%
Reduction in revenue                       -1,901     -1,486         27.9%
Total                                      55,031     55,292         -0.5%


Prospects


The Jungfrau Railway Group has made a good start to the second semester of 2012.
In July and August 2012, a total of 264,494 people travelled to the Jungfraujoch
and both months recorded the highest frequencies in the history of the Jungfrau
Railway. Based on the excellent level of bookings, the Jungfrau Railway is
optimistic that growth for the most important pillar of income - excursion
traffic to the Jungfraujoch - will continue.
The Jungfrau Railway Group is still facing a huge challenge from the unchanged
exchange-rate situation in Europe. The company anticipates that the number of
holiday guests will also be below average during the coming winter season.

The income statement and the balance sheet are published under
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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