EANS-Adhoc: Jungfraubahn Holding AG / Jungfrau Railway Group achieved half-year profit of CHF 11.2 million

--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------

07.09.2011

The Jungfrau Railway Group can look back on a pleasing course of
business during the first semester of 2011. The company recorded a
half-year profit of CHF 11.2 million, exceeding the 2010 semester
result by 23.9%. Overall, Switzerland´s largest mountain railway
group achieved an operating revenue of CHF 71.7 million in the first
6 months, equivalent to an increase of CHF 4.4 million, or 6.6% over
the previous year. Thanks to an operative result (EBIT) of CHF 14.1
million, the Jungfrau Railway Group achieved an EBIT margin of 19.7%.
In the first 6 months of 2011, excursion traffic to the
Jungfraujoch-Top of Europe recorded positive growth. Some 313 600
guests visited the Jungfrau Railway Group´s premium excursion
destination, 48 500 more than the previous year. Traffic income from
this business sector was CHF 33.8 million. The positive development
in the group-travel business continued in the first semester of 2011.
The course of business also benefited from the weak euro as this also
depreciated against major Asian currencies. Asian tourists were able
to travel to Europe at more favourable rates, which compensated for
the negative effects of the strong Swiss franc. In addition to the
effect of currency exchange rates, intensified marketing activity by
Jungfrau Railways also contributed to the growth recorded in the
Asian market. The strategy of increasing the company presence in Asia
and being able to strengthen the Jungfraujoch - Top of Eu¬rope brand
in a time of crisis has proved effective.

The number of guests from the Eurozone is higher in winter than
summer. The weak euro meant that fewer guests from euro countries
spent their winter holidays in Switzerland. Nevertheless, the
JUNGFRAU Ski Region achieved a pleasing result in the first half of
2011, recording a revenue of CHF 29.7 million (last year CHF 32
million). The Jungfrau Railway Group, which holds a 63% share in the
JUNG¬FRAU Ski Region, achieved revenue of CHF 19.4 million from the
sale of winter-sport passes. CHF 0.6 million of this was accounted
for by the Lauberhorn chairlift, which was integrated into the
Jungfrau Railway Group in 2011. Investments in snow-making systems
during recent years proved of great value last winter. Although there
was a shortage of snow, the JUNGFRAU Ski Region was able to offer
good piste conditions into spring.

The Jungfrau Railway Group has had a good start to the second half of
2011. During the high-season months of July and August, a total of
245 000 persons visited the Jungfraujoch-Top of Europe, equivalent to
an increase of 9% over the previous year. This pleasing development
is primarily due to considerable demand by Asian guests, continuing
the trend shown in the first semester. The earthquake and its
aftermath in Japan had little effect on Jungfrau Railway Group
business. The strong franc is damaging for tourism, especially in
regard to the 2011/2012 winter season. This will also have an effect
on the Jungfrau Railway Group. The increases achieved in the second
and third quarters are not expected to continue to the end of the
year.

The group profit and loss account and balance sheet are published at
www.jungfrau.ch/reports.

Further inquiry note:
Urs Kessler, CEO
+41 (0)79 407 90 52

end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: Jungfraubahn Holding AG
Harderstrasse 14
CH-3800 Interlaken
phone: +41 (0)33 828 71 11
FAX: +41 (0)33 828 72 64
mail: jb@jungfraubahn.ch
WWW: www.jungfraubahn.ch
sector: Railway
ISIN: CH0017875789
indexes: SPI
stockmarkets: Domestic Standard: SIX Swiss Exchange
language: English