AEVIS VICTORIA SA (AEVS.SW) – Publication of the 2023 revenue

AEVIS VICTORIA SA / Key word(s): Sales Result AEVIS VICTORIA SA (AEVS.SW) – Publication of the 2023 revenue 21-March-2024 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR

Fribourg, 21 March 2024

AEVIS VICTORIA SA (AEVS.SW) – Publication of the 2023 revenue

AEVIS VICTORIA SA (AEVIS) saw contrasting revenue developments in its holdings in 2023. A record year for hospitality & services, while healthcare experienced a stagnation. However, the overall value of the participations increased significantly. The investment company expects a net loss of between CHF 35 and 45 million due to the absence of M&A transactions affecting the result.

MRH Switzerland SA (ex-Victoria Jungfrau AG), the subsidiary dedicated to the hotel operations, achieved revenues of CHF 170.5 million in 2023, up by 10.3% (2022: CHF 154.5 million). Benefiting from investments and repositioning, the average room rate increased from CHF 412 in 2019 to CHF 559 in 2023, enabling the absorption of rising costs due to inflation and the geopolitical situation. Destinations like Zermatt and Interlaken performed exceptionally well, buoyed by the positive momentum in Switzerland’s tourism sector. The organic growth of 6.4% recorded in 2023 continued into the first months of 2024.

Swiss Hotel Properties SA, the hotel real estate subsidiary, saw the value of its real estate portfolio grow to approximately CHF 855 million, mainly due to acquisitions and developments in Zermatt and Interlaken.

Batgroup, a minority and non-consolidated subsidiary of AEVIS specializing in on-demand home services, increased revenues by 10.0% to CHF 34.1 million, of which CHF 31.5 million in Switzerland. In the fourth quarter of 2023, the company achieved a positive EBITDA for the first time. Batgroup acquired Putzfrau.ch in 2023, the leading company in the sector in the German-speaking part of Switzerland, securing its top position in Switzerland.