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EQS-Ad-hoc News vom 23.04.2014

Jungfraubahn Holding AG: Jungfrau Railway Group achieves best result

Jungfraubahn Holding AG / Key word(s): Final Results
23.04.2014 07:00

Release of an ad hoc announcement pursuant to Art. 53 KR

Jungfrau Railway Group achieves best result 

In 2013, the Jungfrau Railway Group was able to increase its result by 16% and achieved a record profit of 30.2 million francs. The result will be commented on at today's financial statement media conference in Bern.
With an operating revenue of 164 million francs, the Jungfrau Railway Group recorded the highest revenue in its history. The growth was reached primarily in business with Asian guests. In 2013, 823,000 people travelled to the Jungfraujoch - Top of Europe. Overall, the number of visitors was only 1.2% below the figure for the centenary year and is thus the second best result since the Jungfrau Railway opened in 1912. A higher average yield per visitor was also achieved. The business segment Jungfraujoch - Top of Europe recorded a traffic income result of CHF 92.7 million, an increase of 6.2%. The Jungfrau Railways strategy of globally strengthening the Jungfraujoch - Top of Europe brand has clearly paid off.
In the winter sport business segment, the Jungfrau Railway Group achieved a revenue of 24.3 million francs, equating to a growth of 4.2%. Continued good snow conditions from the beginning of the year to the end of the season in spring 2013 and an early start to the 2013/14 winter season, had a positive effect on the winter sport business. However, the result lies considerably below the good winter sport years of 2007 to 2009.
The Jungfrau Railway Group recorded consistently good visitor numbers in the experience mountains business segment, which comprises excursion traffic to the Harder Kulm, First and Winteregg-Mürren. In total it achieved CHF 9.3 million in 2013, a plus of 9.5%.

Over the last 10 years the Jungfrau Railway Group has achieved a free cash flow of CHF 207.6 million francs. It has thus exceeded by 60% its financial goal of achieving 130 million francs between 2004 and 2013, and will pay out a sustainability premium of CHF 3.7 million francs to the staff, management and executive board.


Group result 2013 2012 Change TCHF TCHF in per cent Operating revenue 164,047 157,949 3.9 Traffic income 121,547 115,125 5.6 EBIT 38,376 34,081 12.6 Annual profit 30,165 25,998 16.0 Free cash flow 35,578 19,357 83.8 Number of staff 510 513 -0.6 (full time)

2013 2012 Change CHF CHF in per cent Dividend 1.80 1.80 0.0

The executive board has decided to maintain the financial goals for the company and has also set a free cash flow target for the coming period of 2014 - 2023. This will be slightly increased to CHF 150 million despite the considerable pending investment in association with the V-Cableway project. The Annual General Meeting of the Jungfrau Railway Group will be held in Interlaken on 19 May 2014. The Executive Board are recommending an unchanged dividend of 1.80 francs.

The group profit & loss account, group balance and business report for 2013, as well as proposals to the AGM, are published at www.jungfrau.ch/reports.

For questions: Urs Kessler, CEO, Chairman of the Management Board, +41 (0)79 407 90 52


23.04.2014 News transmitted by EQS Schweiz AG. 
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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: Freiverkehr in Stuttgart; SIX  
End of Announcement EQS Group News-Service