The Jungfrau railway organization recorded losses but EBITDA in the first half
The Jungfrau railway organization had a complicated first part of 2020. Covid-19 and the related economic consequences were reflected in the industry’s performance. During the first part of the year, 100,600 visitors visited the Jungfraujoch. This is 78. 6% less than in the same The official order to end last winter season and the closure of the tourist railways for approximately 3 months resulted in the loss of the first part of the history of Jungfraubahn Holding AG. The loss amounted to CHF 11. 5 million (2019 : profit of 23. 9 million francs) Despite the serious effects of the coronavirus pandemic, the Jungfrau railway organization was able to generate a positive EBITDA of 5. 9 million francs. Positive EBITDA for the 2020 total.
In terms of liquidity and equity, the company is firmly positioned. Financing for operations and the final touch of the V-shaped cable car assignment The V-shaped cable car is a unique assignment in a century and will allow the Jungfrau railway organization to put on the map a new must-see tourist destination from December 2020.
After the most productive January in the history of the Jungfrau railway, shipments to jungfraujoch – Top of Europe began to decline in mid-February due to the spread of coronavirus. Since 14 March 2020, the Jungfrau Railway, like all the company’s tourist railways, the Group’s activity and the entire intercontinental tourism sector have disappeared completely since mid-March. The Jungfraujoch – Top of Europe closed for a long time for the first time since World War I – for 83 days.
Although the corporation implemented cost-cutting measures starting in February, it was unimaginable to avoid a loss in the first component of the year, operating prices have been reduced and component unemployment has been implemented to a giant workforce component. These measures have been and continue to be essential to protect jobs in the region and to re-enertilate operations.
With the exception of the two main projects, the V-shaped cable car and the state-funded renovation of the Lauterbrunnen-Muller cable car, many investments have been postponed, 52 million francs were invested in the first part of the year. freeze and strong investment activity, interest debt stood at 10 million francs as of June 30, 2020.
Short-term processing plans: fluctuating demand
Tourism infrastructure reopened on 6 June 2020 and, with a three-month break, a total of 100,600 visitors visited jungfraujoch – Top of Europe in the first part of the year, representing a minimum of 78. 6%. For Experience Mountains, the Jungfrau Railway Group achieved net shipping revenue of CHF 3. 5 million, up 62. 2%. In general, the number of visitors very fluctuating, depending on the weather, has posed a specific challenge since the reopening. For this reason, Jungfrau Railway Group uses short-term processing plans for the deployment of continuous inventory and personnel.
After a stormy start to the 2019/2020 winter sports season, there were more skier visits on vacation and in January 2020 than the 2018/2019 season. For the reference era from January 1, 2020 to the untimely end of the season on March 14, 2020, jungfrau ski region, where the Jungfrau railway organization has a revenue rate of more than 60%, recorded 744700 ski visits, a minimum of 17. 6% compared to last year. CHF 17. 8 million (-6. 7%) through their winter sports activities.
Important long-term assignment of a V-wired car – Renovation of the railway and cable car in the city of
The winter months have been complicated for the main strategic assignment: the V-car. The storms caused 22 days of closure at the site only between October and December 2019. Thanks to the determination of all staff at the site, it was imaginable that despite the closure of the tourist railways due to the Covid-19, the sites of the structure were able to remain open during the first part of 2020 according to hygiene and social distance standards. A vital step was the cable line, for the Eiger Express, which took place for fifteen weeks from late April to mid-August.
The total renewal of the club line also continued uninterrupted. Following the structure of the new cable car in 2006, the railway line, stations and rolling inventory between Grutschalp and The City are being renovated. With these measures, lauterbrunnen-Murren (BLM) The railway and cable car will implement the public transport provisions set out in the Equal Treatment Act for Persons with Disabilities until 2023. Investments in the renewal of the BLM and their follow-up prices are guaranteed through the canton of Bern.
Perspective
Since the reopening of tourist railways, there have been positive effects when watching promotions in Switzerland with television ads and advertisements. In July and August in July and August, another 153,000 people visited Jungfraujoch – Top of Europe. La most visitors were Swiss. The multi-day and multi-month passes to be obtained were also very popular.
The mountains of the railway jungfrau have also welcomed many local visitors and, with the opening of borders in Europe, visitors from neighbouring European countries have also begun to return, however, as the figures for the first half show, this is not enough to compensate for the absence of foreign customers. In order to be recovered and ensure a mutual exchange of data on new developments, we continue with normal contacts with key Asian markets.
The final touch of the one-of-a-kind V-car cable car assignment is in full swing. Work is underway at all structure sites. As a result, it will be imaginable to open the Eiger Express 3S cable car and the entire Grindelwald Grund terminal a week earlier, on December 5, 2020 With these developments, the Jungfrau Railway Group provides the Jungfrau region, the canton of Bern and Switzerland in total is a positive seasoning in those difficult times. in the even hottest Jungfrau ski region with advanced public transport infrastructure and 47-minute relief for shipping from Interlaken Ost to Jungfraujoch, the top of Europe.
The continued spread of Covid-19 (coronavirus) continues to have a negative effect on the commercial functionality of Jungfraubahn Holding AG. At this time, it is not imaginable to assess the monetary consequences of the pandemic. corporate assumes that despite a loss, it may be expecting positive EBITDA by the 2020 total.
Changes to the JBH Board of Directors
Furthermore, the Board of Directors of Jungfraubahn Holding AG has made the following resolutions as a component of the ongoing development: The Board of Directors has to gradually reintroduce the 12-year limit as planned. It was suspended while doing the plans and construction of the V- For this reason, the oldest member of the Board of Directors, the current Vice President Ueli Winzenried, will retire at the next General Meeting (GA) on May 17, 2021 and will not will be replaced, the number of board members return 6. Heinz Karrer intends to take over from the vice president. At GM 2022, the current president, Thomas Bieger, will resign and Heinz Karrer is proposed to the CEO as president.
Link to the 2020 semi-annual report:
– www. jungfrau. ch/half-year-report
Media Contact: Urs Kessler, CEO, 41 (0) 79407 52
Kathrin Naegeli, Corporate Communications Manager, 41 (0) 79222 10