Jungfraubahn Holding AG
JFN
ISIN CH0017875789 / Valor 1787578
Jungfraubahn Holding AG
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About company
fraubahn Holding AG, listed on the SIX Swiss Exchange, operates excursion railways and winter sport facilities in the Jungfrau Region through its eleven subsidiaries. The company offers customers an adventure in the mountains and on the train, with its main focus on the Jungfraujoch – Top of Europe, Winter Sports, and Experience Mountains segments. Jungfraubahn Holding AG has a strategic alliance with Berner Oberland-Bahnen AG to leverage synergies and has a leading position in the Asian markets through its distribution and agency network. The company also operates a hydroelectric plant, sells holiday packages, leases space for restaurants, and aims to become an integrated leisure and service company in the medium term. With continuous modernization of its railways and a focus on strengthening the Jungfraujoch – Top of Europe as the main revenue source, Jungfraubahn Holding AG seeks to increase quality, profitability, and shareholder value over time.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (21.01.2026):
Jungfraubahn Holding AG — first half (Q1–Q2) 2025: The Group reported a strong H1 2025 with operating income CHF 149.9m (up 5.7% y/y), transportation revenues CHF 107.2m (up 8.2%), EBITDA CHF 65.9m (up 6.3%) and a record half‑year period result of CHF 37.0m (+7.3% vs H1 2024). Earnings per share rose to CHF 6.50 (from CHF 6.07). Visitor numbers and average spend increased across core segments; balance sheet remains solid but liquid funds fell to CHF 37.8m after dividends and investments.
Financial headlines
Operating income CHF 149.9m (+5.7%); transportation revenues CHF 107.2m (+8.2%); EBITDA CHF 65.9m (+6.3%); period result CHF 37.0m (+7.3%); EBITDA margin ~43.9% (slightly above prior year).
Profit per share
Undiluted result per share CHF 6.50 in H1 2025 vs CHF 6.07 in H1 2024 (increase consistent with higher half‑year profit).
Segment performance
Jungfraujoch – Top of Europe: transport income CHF 59.7m (+4.9%), 472,700 arrivals (+2.6%), average income per visitor CHF 187 (transport income ≈ CHF 126 per visitor). Experience Mountains: transport income CHF 20.8m (+17.6%), visitors 679,000 (+8.7%). Winter Sports: transport income CHF 26.7m (+9.2%), winter season 1.183m skier visits (second strongest in ten years); Harder funicular saw a ~5% drop in H1.
Cash flow & liquidity
Free cash flow negative CHF –33.3m; liquid funds declined from CHF 97.7m at 31.12.2024 to CHF 37.8m at 30.06.2025 (change –CHF 59.955m), driven by CHF 43.0m dividends and ongoing capex (investments in PPE CHF 16.5m).
Balance sheet & equity
Total assets CHF 944.9m; total liabilities CHF 213.1m (22.5%); total equity CHF 731.8m (77.5% of balance sheet). Non‑current assets dominated by property, plant & equipment (~CHF 745.7m).
Corporate & sustainability
Management change: Oliver Hammel succeeded Urs Kessler as CEO in mid‑June 2025. Sustainability initiatives continue (forest plantings, biodiversity measures, alpine solar project progressing through approvals; construction earliest 2026). Sustainability targets now affect Executive Board variable remuneration.
Outlook & risks
Group expects continued demand but flags exposure to global uncertainties (geopolitical conflicts, currency and price trends). KOF slightly improved tourism forecasts; Jungfrau group launches AlpsPass with regional partners for the coming season.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2294 M
Market cap (USD)
6,812
Daily traded volume (Shares)
172.2 / 167.8
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Noe Emch
Joshua Hürzeler
Chris Tenud
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