Jungfraubahn Holding AG

Latest Results (16.10.2025):

Jungfraubahn Holding AG has released its financial results for the 2024 fiscal year, demonstrating a robust performance with a 6.0% increase in operating income to CHF 294.7 million and a 4.7% rise in transport income to CHF 205.1 million compared to the previous year. Despite a significant 15.6% increase in operating expenses, the company maintained solid profitability with a slight decline in EBITDA and net annual results.

Transport Income Growth

The transport income for Jungfraubahn Holding AG reached CHF 205.1 million in 2024, marking a 4.7% increase from the previous year. This growth reflects higher visitor numbers and enhanced service offerings across the Jungfrau Railway Group.

Operating Income Increased by 6.0%

Operating income surged to CHF 294.7 million, a 6.0% rise compared to 2023. This increase underscores the company's effective management and expanding revenue streams despite rising costs.

Rising Operating Expenses

Operating expenses grew by 15.6% to CHF 160.4 million, driven by higher electricity costs, increased personnel expenses, and elevated costs of goods in shops and catering areas. Personnel costs specifically rose by 10.5% to CHF 78.6 million, supported by the creation of 56 new jobs.

Experience Mountains Segment Outperforms

The Experience Mountains segment achieved significant growth with sales increasing by 22.2% to CHF 56.1 million and EBITDA rising by 22.2% to CHF 36.7 million. This performance was fueled by higher visitor numbers, increased average ticket revenues, and robust sales in catering and adventure offerings.

Winter Sports Faces Challenges

The Winter Sports segment recorded sales of CHF 42.0 million, a 1.9% increase year-over-year, making it the second-highest transport income segment in the company's history. However, EBITDA declined by 42.2% due to higher operational costs and weather-related disruptions, although early snowfall has set a positive outlook for the upcoming winter season.

Strong Cash Flow and Strategic Investments

Jungfraubahn Holding AG reported an operating cash flow of CHF 129.0 million and a free cash flow of CHF 83.0 million. The company invested CHF 46.0 million in property, plant, equipment, and intangible assets, including the successful modernization of the Lauterbrunnen-Mürren mountain rail- and cableway and the development of the new "Top of Travel" sales platform.

Dividend Proposal Enhanced

The Board of Directors proposed a dividend of CHF 7.50 per share for the 2024 fiscal year, up from CHF 6.50 the previous year. This reflects the company’s strong financial health and commitment to delivering value to its shareholders, maintaining a payout ratio at the higher end of the target range.