JUNGFRAUBAHNEN HOLDING AG (FRA:CH001787) EQS-Adhoc: Jungfraubahn Holding AG: Jungfrau Railway Group records drop in guest numbers

Directive transparence : information réglementée

05/01/2021 06:28

EQS Group-Ad-hoc: Jungfraubahn Holding AG / Key word(s): Miscellaneous
Jungfraubahn Holding AG: Jungfrau Railway Group records drop in guest numbers

05-Jan-2021 / 06:28 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

Press release by Jungfraubahn Holding AG Tuesday, 5 January 2021


Jungfrau Railway Group records drop in guest numbers

In 2020, which was marked by the coronavirus crisis, the Jungfrau Railway Group recorded a drop in guest numbers at the Jungfraujoch - Top of Europe, all Experience Mountains and in the winter sports segment. In addition to the early end of the winter season, the 83-day closure of the tourist rail- and cableways also has to be taken into account. Although Jungfraubahn Holding AG was able to welcome many Swiss guests during the summer months, this was not enough to compensate for the absence of international tourists. Despite excellent snow conditions, the start of the current winter season was adversely affected by the second wave of the pandemic.

362,800 guests visited Jungfraujoch - Top of Europe in 2020. This is 65.6 percent fewer than in the record year 2019 and a similar number as the figures last seen in the 1980s. 2020 got off to a very good start. The Jungfrau Railways recorded the best January in its history. Then, the numbers started to drop in February due to the spread of Covid-19. From mid-March, all tourist rail- and cableways had to cease operations due to the officially imposed lockdown.

The rail- and cableways did not reopen until 6 June 2020 under inclement weather conditions. That changed in summer. Thanks to the good weather and the positive effect of the various promotional campaigns in Switzerland, 153,000 people travelled to the Jungfraujoch - Top of Europe in July and August. The autumn holidays then fell victim to the mostly poor weather, while in November the fine autumn weather led to satisfying guest numbers. Overall, the figures show that the drop in foreign guests numbers cannot be compensated for by the Swiss. The changing markets led to major fluctuations in visitor numbers resulting in the deployment of rolling stock and staff being planned at short notice for the first time on the basis of the weather conditions.

The Experience Mountains segment also recorded a general drop in 2020. For the First aerial cableway resulted a drop of 42.2 per cent for the whole year (summer and winter). The Mürren rail- and cableway had 50.3 per cent fewer guests than in 2019 and the Harder funicular railway registered 57.2 per cent fewer visitors.

The 2020/2021 winter sports season started on 5 December 2020 with the opening of the entire V-cableway project, including the Eiger Express, the terminal and the multi-storey car park. The new facilities and buildings attracted a considerable interest and many guests wanted to take their first ride on the modern Eiger Express 3S aerial cableway in 2020. In addition, the Eiger Express was actively used by winter sports enthusiasts to get from Grindelwald to the ski slopes at the Eiger Glacier in 15 minutes.

Owing to the ongoing uncertainty as to whether the skiing areas will be allowed to start or continue their operations at all because of the pandemic, advance sales of the Top4 ski pass (partner offer from Adelboden-Lenk, Gstaad, Jungfrau Ski Region and Meiringen-Hasliberg) were lower than in previous years. 28,400 Top4 ski passes (compared to 42,200 passes in 2019) were sold by 24 December 2020. From the start of the season to 31 December 2020, the Jungfrau Ski Region registered 153,700 skier visits and recorded a decrease of 7 per cent year on year. The Jungfrau Ski Region is a partnership in which the Jungfrau Railway Group holds more than 60 per cent.



  Number of passengers
Number of passengers
in per cent
Jungfrau Railways
(to Jungfraujoch)
362,800 1,056,000 -65.6%
(from valley, summer & winter)
408,500 707,100 -42.2%
Mürren rail- and cableway
(from valley, entire year)
226,600 456,300 -50.3%
Harder funicular railway
(total number of passengers)
259,300 606,200 -57.2%
  Skier visits
Start of the season - 31/12/2020
Skier visits
Start of the season - 31/12/2019
in per cent
Jungfrau Ski Region 153,700 165,300 -7.0%

Link: https://www.jungfrau.ch/en-gb/corporate/investor-relations/jungfraubahn-holding-ag/adhoc-news/

Media enquiries: Kathrin Naegeli, Head of Corporate Communications: +41 (0)33 828 72 00

Additional features:

File: adhoc press release Jungfraubahn Holding AG drop in guest numbers for 2020

End of ad hoc announcement
Language: English
Company: Jungfraubahn Holding AG
Harderstrasse 14
3800 Interlaken
Phone: +41 33 828 71 11
Fax: +41 33 828 72 64
E-mail: info@jungfrau.ch
Internet: www.jungfrau.ch
ISIN: CH0017875789
Valor: A0CACJ
Listed: Regulated Unofficial Market in Frankfurt, Stuttgart; SIX Swiss Exchange
EQS News ID: 1158311

End of Announcement EQS Group News Service

1158311  05-Jan-2021 CET/CEST