The holding company
Operating subsidiaries of the Group
Organisation
The Management Board of Jungfraubahn Holding AG is the top decision-making body of the Group. It is responsible for strategic planning for the entire Group and implements this within the scope of its legal and factual capacities at the subsidiaries. The Executive Board of the Jungfrau Railways Group is appointed in accordance with the provisions of the Management Board of Jungfraubahn Holding AG and in a framework approved by the general meeting of Jungfraubahn Holding AG for the total compensation by Jungfraubahnen Management AG.
The information on the staffing of the bodies is updated at the time of the drafting of the annual report (end of March 2018). Details and information on changes during the year 2017 can be found in the special points/personnel chapter and the corporate governance report.
Key figures of the consolidated financial statements
| CHF (thousands) | 2017 | 2016 | Change in per cent |
|---|---|---|---|
| Operating income | 193,770 | 169,030 | 14.6% |
| Transportation revenues | 143,799 | 125,984 | 14.1% |
| EBITDA | 87,743 | 71,079 | 23.4% |
| EBITDA in % of operating income | 45.3% | 42.1% | 7.6% |
| EBIT | 53,038 | 36,332 | 46.0% |
| EBIT in % of operating income | 27.4% | 21.5% | 27.4% |
| Annual profit | 41,601 | 30,964 | 34.4% |
| Return on sales (ROS) | 21.5% | 18.3% | 17.5% |
| Free cash flow | 33,837 | 18,111 | 86.8% |
| Equity ratio | 81.6% | 80.9% | 0.9% |
| Headcount (full-time positions) | 542 | 536 | 1.1% |
Jungfraubahn Holding AG (parent company)
Jungfraubahn Holding AG is a holding company. Its activity is predominantly characterised by fiscal and financial policy considerations. The most important part of a profit plan is the financial statement. This includes the dividend payments of the subsidiaries and the internal interest income.
The investment income for 2017 amounts to CHF 15.6 million. The loans to the subsidiaries of CHF 85.6 million are subject to an interest rate of 1.0%. Together with the remaining financial income and the offsetting of the financial expenses, the financial statement closes at CHF 17.2 million. Earnings amount to CHF 16.2 million. The detailed financial statements with appendix can be found after the consolidated financial statements in the financial report. It is part of the authorisation request to the 2018 Annual General Meeting.