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EQS-Adhoc Jungfraubahn Holding AG: In 2020, the Jungfrau Railway Group recorded a loss - yet a positive EBITDA was achieved - Seite 2

Nachrichtenquelle: EQS Group AG
08.04.2021, 06:42  |  129   |   |   

Around half of the transport revenue from the Experience Mountains was lost while, fortunately, the subsidiaries Harderbahn and the Firstbahn nevertheless managed to achieve profits of CHF 1.0 million and CHF 2.0 million respectively. Transport revenue from winter sports passes only fell by 5.2%.

The Jungfrau Railway Group introduced savings measures very early on. Operating costs and investments were continuously checked and reduced. Because of this and the use of the short-time work option, it was possible to reduce operating expenditure by 14.1% to CHF 103.4 million. This could be achieved despite the fact that additional new business operations were taken on in the reporting year thanks to the takeover of the gastronomy enterprises on the Jungfraujoch and the operational management of the Grindelwald-Männlichen Cableway.

Depreciation and amortisation amounted to CHF 33.5 million. Accordingly, EBIT came to CHF -11.2 million and the annual loss was CHF -9.7 million.

The consolidated balance sheet as of 31 December 2020 shows equity of CHF 597.0 million. This results in a very solid equity ratio of 72.9%. Liabilities of CHF 221.7 million includes financial liabilities of CHF 109.3 million. Only CHF 45.0 million of these are in the form of interest-bearing bank liabilities. The remaining CHF 64.3 million relates to non-interest-bearing loans from the public sector for the financing of railway infrastructure, the majority of which is only conditionally repayable.

Jungfraujoch - Top of Europe

During the first year of the pandemic, Jungfraujoch - Top of Europe remained the most significant segment of the Jungfrau Railway Group, despite the fact that the negative impacts of Covid-19 were most serious here. The net sales fell by CHF 80.6 million, or by 53.8%, to CHF 69.2 million. After record visitor numbers in January, demand already started to tail off in February. Following the closure ordered by the authorities from 14 March to 5 June 2020, the guest structure through to the end of the year was no longer comparable with the time before the Covid-19 outbreak. The number of Jungfraujoch visitors fell by 65.6% to 362,800. It was, however, pleasing that in July and August 2020 alone around 153,000 people visited the Jungfraujoch - Top of Europe, of which 145,000 were Swiss.

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EQS-Adhoc Jungfraubahn Holding AG: In 2020, the Jungfrau Railway Group recorded a loss - yet a positive EBITDA was achieved - Seite 2 EQS Group-Ad-hoc: Jungfraubahn Holding AG / Key word(s): Annual Results Jungfraubahn Holding AG: In 2020, the Jungfrau Railway Group recorded a loss - yet a positive EBITDA was achieved 08-Apr-2021 / 06:42 CET/CEST Release of an ad hoc …

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