Objectives of the Jungfrau Railway Group

As the leading tourism company in Switzerland and the largest mountain railway group, the Jungfrau Railways Group is developing as an integrated leisure and service company. At the same time, it focuses on

• its entrepreneurial tradition of more than 120 years,
• with the vision of its founder to make the unique Alpine landscape accessible to the wider population and international tourists,
• its sound foundation in the Jungfrau Region,
• its brand, service and technical competence developed over generations.

It is the driving force behind the economic development of the Jungfrau Region and alpine tourism in Switzerland. It thus makes a significant contribution to the strengthening of these regions. It takes into account the interests of the region and its residents, encourages its employees and looks after nature, which is an important resource for the development of the region as well as Jungfrau Railways. It should be preserved and accessible to future generations in keeping with the founder's vision. A prerequisite for this is to maintain economic independence and increase attractiveness for investors. The Jungfrau Railways Group attaches great importance to sustainability.

The objective is to strengthen the Jungfraujoch – Top of Europe as the main source of revenue. By means of continuous modernisation of the railways, the shortened travel times demanded by the market should be realised. Internal growth is targeted through better utilisation of the off-season as well as through the integration of further services such as shopping, catering and soft adventure into the adventure chain. The Jungfrau Railway Group and Gondelbahn Grindelwald-Männlichen AG plan to jointly develop the "V-Cableway" that provides access to both the Männlichen, with a ten-seater gondola, and the Eiger glacier with a new tricable gondola. Travel times can be shortened, transport capacities moderately expanded and the quality of the transport service increased. The V-Cableway project with the two new cableways and further integrated components (rolling stock renewals, public transport, car park, slope construction etc.) will secure the successful tourist future of the entire Jungfrau Region in the medium term as a top year-round destination for Swiss tourism. It strengthens the competitiveness of the Jungfraujoch as a beacon known worldwide, and it helps the winter sports destination reach the top position in international competition. Expected start of construction of the aerial cableways is summer 2018.

The strategic financial objectives of the Group reflect the orientation towards long-term goals and the policy of a value-based company (value stock). The key factors determining the financial planning of the Group are earnings targets and free cash flow targets. Please refer to our financial report.