Jungfraubahn Holding AG

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

09.09.2015 / 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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Media releaseJungfrau 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

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09.09.2015 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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393221  09.09.2015
 



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