Bergbahnen Engelberg-Truebsee-Titlis AG BET

TIBN

Equity

ISIN CH0527044959 / Valor 52704495

SIX Swiss Exchange (2024-12-23)

CHF 39.00+0.26%

Bergbahnen Engelberg-Truebsee-Titlis AG BET
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About company

Bergbahnen Engelberg-Truebsee-Titlis AG (BET) is a Swiss company that operates in the tourism and leisure industry, primarily focusing on providing a range of activities and experiences around the iconic Mount Titlis. The company aims to attract more visitors to the region by offering high-quality, safe services throughout the year. BET is dedicated to making Mount Titlis a unique destination with international appeal, offering unforgettable sightseeing and mountain experiences. The company emphasizes long-term thinking, sustainability, and economic viability in its operations. It prides itself on friendly, competent customer service, innovative and modern products, and efficient processes. BET also values its partnerships and engages with partners by respecting their needs and incorporating them into decision-making processes. The company employs up to 450 staff members across various departments, including railway operations, restaurants, hotels, administration, and customer service, all committed to enhancing the guest experience at Mount Titlis.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Decline

Bergbahnen Engelberg-Truebsee-Titlis AG BET reported a significant decline in revenue for the winter season from November 2020 to April 2021. The revenue from the railway operations dropped from CHF 18.97 million to CHF 11.99 million, reflecting the impact of the COVID-19 pandemic and the absence of international tourists.

Gastronomy and Hotel Revenue Halved

The revenue from gastronomy and hotels for Bergbahnen Engelberg-Truebsee-Titlis AG BET was halved, decreasing from CHF 6.31 million to CHF 3.03 million. This sharp decline was primarily due to the government-mandated closures and restrictions on dining services during the pandemic.

Overall Operating Revenue

The overall operating revenue for Bergbahnen Engelberg-Truebsee-Titlis AG BET fell by approximately CHF 10 million, reaching CHF 17.12 million. This reduction underscores the severe impact of the pandemic on the company's financial performance during the winter season.

Cost Reduction Measures

In response to the challenging financial situation, Bergbahnen Engelberg-Truebsee-Titlis AG BET implemented cost-saving measures, reducing operating expenses by 19% to CHF 17.08 million. These measures helped mitigate some of the financial losses incurred during the season.

Net Loss and EBITDA

Despite the cost-saving efforts, Bergbahnen Engelberg-Truebsee-Titlis AG BET reported a net loss of CHF 7.28 million for the winter season. However, the company managed to maintain a positive EBITDA of CHF 41,350, indicating a solid liquidity and equity position amidst the crisis.

Summarized from source with an LLMView Source

Key figures

-4.41%1Y

-11.0%3Y

-43.1%5Y

Performance

20.2%1Y

25.0%3Y

30.8%5Y

Volatility