Berner Oberland Bahnen AG

EANS-Adhoc: Berner Oberland Bahnen AG
Berner Oberland-Bahnen AG achieves better result for first half-year

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6-month report


The Berner Oberland-Bahnen AG was able to better its results for the first half of 2010 in comparison to last year. The first six months resulted in a loss of CHF 1.0 million against a loss of CHF 1.9 million in the same period last year. If no dramatic events occur, the Berner Oberland-Bahnen AG can assume that it will also be able to achieve a profit as in 2009. Experience shows that the company achieves a better result in the second half of the year than in the first. Both the Bernese Oberland Railway (BOB) and the Schynige Platte Railway (SPB), which is owned by the same company, carried fewer passengers than in the previous year. After a highly promising start with excellent winter-sport business, BOB frequencies fell from the month of March. In comparison to the previous year, when the BOB was able to profit from numerous Jungfrau Railways special offers, in the second semester the railway carried 19% fewer guests - although with a higher average revenue. Unfavourable weather conditions also contributed to the drop in frequencies. Similarly, the start of the season for the Schynige Platte Railway also literally went down the drain. Considering the circumstances, the drop in traffic income is moderate at -2%. The company received CHF 0.3 million less in compensation for its public transport services. Overall, operating revenue dropped by CHF 0.5 million to CHF 13.4 million. Personnel, maintenance and renewal costs are noticeably below those of the previous year, so that overall operating expenditure is CHF 1.5 million less than last year´s figure.

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ots Originaltext: Berner Oberland Bahnen AG
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Further inquiry note:
Urs Kessler, CEO
+4179 407 90 52

Simon Bickel, Head of Media and Information
+4179 222 53 10

Branche: Railway
ISIN:      CH0003455034
WKN:        345403s
Index:    BIRW
Börsen:  BX Berne eXchange / SWX Local Caps

Weitere Meldungen: Berner Oberland Bahnen AG

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