EANS-Adhoc: Berner Oberland Bahnen AG
Berner Oberland-Bahnen AG achieved
positive result despite floods
02.05.2012 – 07:02
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 02.05.2012 The Berner Oberland-Bahnen AG achieved a revenue of 32.9 million francs in 2011, an increase of 4.6 per cent on the previous year. In October 2011, the company was affected by floods that swept away sections of the railway track and led to the suspension of operations. The effects of the severe weather reduced the company's statement by around 800,000 francs. Financial compensation from the federation and canton dropped by 3.5 per cent. Nevertheless the company can present a positive result thanks to an increase in operating revenue assisted by the sale of land at Interlaken Ost. A profit of 30,000 francs was recorded in 2011. The Bernese Oberland Railway was able to increase traffic income by 4.2 per cent, whereby travel business with Asian groups developed particularly well. The Schynige Platte Railway was able to equal its record result from 2010, although the flooding brought the marketing campaign introduced in autumn 2011 to an abrupt end. Amounts in TCHF 2011 2010 Change Traffic income Bernese Oberland Railway 9,840 9,442 4.2% Traffic income Schynige Platte Railway 3,555 3,558 -0.1% Compensation 12,301 12,749 -3.5% Total operating revenue 32,906 31,466 4.6% Operating expenditure 26,329 24,797 6.2% EBITDA 6,577 6,669 -1.4% Annual profit 30 739 -96.0% The Berner Oberland-Bahnen AG business report is published at www.jungfrau.ch/reports/bob Further inquiry note: Urs Kessler, Chairman of the Management Board +4179 407 90 52 end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Berner Oberland Bahnen AG Harderstrasse 14 CH-3800 Interlaken phone: +41 (0)33 828 71 11 FAX: +41 (0)33 828 72 64 WWW: www.jungfraubahn.ch sector: Railway ISIN: CH0003455034 indexes: BIRW stockmarkets: stock market: BX Berne eXchange language: English