Jungfraubahn Holding AG

EQS-Adhoc: Jungfraubahn Holding AG: Jungfrau Railway Group achieves best result ever


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 AGMedia 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.

Page 1 of 2

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/invest
ment/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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