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The strategic financial objectives of the Jungfrau Railway Group reflect the orientation towards long-term goals and the policy of a value-oriented company (value stock). The profit and free cash flow targets also determine the financial planning of the group.

Key figureTarget value
Return on sales≥ 12%
EBIT margin≥ 15%
Investments / cash flow< 50%
Payout ratio33% – 50%
Cumulative free cash flow 2014‒2023≥ CHF 150 Mio.
Equity ratio> 70%

In order to meet the objectives of self-financing and investment in relation to cash flow, the long-term average applies when it comes to the assessment. Due to the high investment requirements of the V-Cableway project, the investment / cash flow objective cannot be met temporarily.

In 2016, the Jungfrau Railway Group once again exceeded its earnings targets. The return on sales amounted to 18.3%, the EBIT margin reached 21.5%. With the proposed dividend increase to CHF 2.10 per share (previous year CHF 2.00), the payout ratio at 39.7% is within in the defined target range. Investments in the reporting year accounted for 73.6% of cash flow. For 2016, there was a free cash flow of CHF 18.1 million. As a result, the cumulative free cash flow of the target period 2014-2023 at the end of 2016 amounted to CHF 23.3 million. At the end of the reporting year, the level of self-financing was 80.9%.