Ad hoc announcement pursuant to Art. 53 LR Jungfrau Railway Group returns to profitability

Jungfraubahn Holding AG / Key word(s): Half Year Results Ad hoc announcement pursuant to Art. 53 LR Jungfrau Railway Group returns to profitability 01-Sep-2022 / 06:43 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. 1 September 2022

 

Ad hoc announcement pursuant to Art. 53 LR

Jungfrau Railway Group returns to profitability

In an Ad hoc announcement pursuant to Art. 53 of the Listing Rules, Jungfraubahn Holding AG states that the Jungfrau Railway Group can look back on a successful first half-year. After recording significant losses in 2020 and 2021 due to the pandemic, the Jungfrau Railway Group reported a profit of CHF 15.3 million in the first half of 2022. Thanks to favourable weather conditions, all segments contributed to this encouraging development. There is a noticeable desire among guests to make up for lost time after two years of pandemic: In the Winter Sports segment, the best season to date (2007/2008) was equalized. The Experience Mountains segment approached pre-crisis levels and the number of visitors to the Jungfraujoch - Top of Europe increased by almost 50% compared to the previous year, nevertheless, visitor numbers stay 57% below those of 2019. The recovery of the international group travel markets, especially in Asia, is making only slow progress due to the multifarious uncertainties regarding travel restrictions and flight capacities. The Jungfrau Railway Group is cautiously optimistic for the second half of the year and expects a further gradual normalisation.

During the crisis, the company learned to react quickly and systematically to changing circumstances. This adaptability allows it to respond to the rapidly changing demand in the various segments by optimising resource usage and taking advantage of opportunities as they arise.

 

VISITOR FREQUENCIES 1/1-30/6

2022