EANS-Adhoc: Berner Oberland Bahnen AG / Berner Oberland-Bahnen AG achieved positive result despite floods
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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02.05.2012
The Berner Oberland-Bahnen AG achieved a revenue of 32.9 million
francs in 2011, an increase of 4.6 per cent on the previous year.
In October 2011, the company was affected by floods that swept away
sections of the railway track and led to the suspension of
operations. The effects of the severe weather reduced the company’s
statement by around 800,000 francs. Financial compensation from the
federation and canton dropped by 3.5 per cent. Nevertheless the
company can present a positive result thanks to an increase in
operating revenue assisted by the sale of land at Interlaken Ost. A
profit of 30,000 francs was recorded in 2011.
The Bernese Oberland Railway was able to increase traffic income by
4.2 per cent, whereby travel business with Asian groups developed
particularly well. The Schynige Platte Railway was able to equal its
record result from 2010, although the flooding brought the marketing
campaign introduced in autumn 2011 to an abrupt end.
Amounts in TCHF 2011 2010 Change
Traffic income Bernese Oberland Railway 9,840 9,442 4.2%
Traffic income Schynige Platte Railway 3,555 3,558 -0.1%
Compensation 12,301 12,749 -3.5%
Total operating revenue 32,906 31,466 4.6%
Operating expenditure 26,329 24,797 6.2%
EBITDA 6,577 6,669 -1.4%
Annual profit 30 739 -96.0%
The Berner Oberland-Bahnen AG business report is published at
www.jungfrau.ch/reports/bob
Further inquiry note:
Urs Kessler, Chairman of the Management Board
+4179 407 90 52
end of announcement euro adhoc
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issuer: Berner Oberland Bahnen AG
Harderstrasse 14
CH-3800 Interlaken
phone: +41 (0)33 828 71 11
FAX: +41 (0)33 828 72 64
WWW: www.jungfraubahn.ch
sector: Railway
ISIN: CH0003455034
indexes: BIRW
stockmarkets: stock market: BX Berne eXchange
language: English