Ad hoc announcement pursuant to Art. 53 LR

Jungfrau Railway Group - Back on track with a profit of CHF 44.4 million

Jungfraubahn Holding AG / Key word(s): Annual Results Ad hoc announcement pursuant to Art. 53 LR: Jungfrau Railway Group - Back on track with a profit of CHF 44.4 million 05-Apr-2023 / 06:32 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. 5 April 2023

 Ad hoc announcement pursuant to Art. 53 LR

Jungfrau Railway Group

Back on track with a profit of CHF 44.4 million

In an Ad hoc announcement pursuant to Art. 53 of the Listing Rules, Jungfraubahn Holding AG states that it achieved a profit of CHF 44.4 million in the 2022 financial year. This is the third best result in its history. The Jungfrau Railway Group generated transport income of CHF 139.2 million in 2022. The Board of Directors will propose a dividend of CHF 3.60 to the General Meeting.

After the Jungfrau Railway Group's business suffered massively due to the negative effects of the coronavirus pandemic, the situation gradually normalised in the second half of 2022 after the final restrictions were lifted. The transport income of CHF 139.2 million represents an increase of 77% over the previous year. The Jungfraujoch - Top of Europe segments contributed CHF 81.8 million (+88%), the Experience Mountains CHF 27.0 million (+80%) and Winter Sports CHF 30.4 million (+50%) to this result.

The operating expenses of CHF 120.3 million represent an increase of 18% compared to the previous year. Personnel costs increased by 14% to CHF 63.9 million compared to the previous year. In spite of the energy crisis, the increase in energy procurements was kept low thanks to long-term energy supply contracts. Other operating expenses increased by CHF 6.4 million to CHF 46.8 million.

EBITDA more than tripled to CHF 93.8 million. The depreciation of CHF 42.3 million includes one-off special depreciation on decommissioned rolling stock of CHF 3.2 million. EBIT amounted to CHF 51.5 million. After taxes of CHF 8.4 million and extraordinary income of CHF 1.6 million, which includes retroactively granted short-time work compensation from the years 2020 and 2021 for holidays and holiday shares of employees on monthly salary, the annual result was CHF 44.4 million.