Back toOverview


The 2017 annual accounts of Jungfraubahn Holding AG, Interlaken, have been prepared in accordance with the provisions of Swiss Accounting Law (Section 32 of the Swiss Code of Obligations).

Various information

Jungfraubahn Holding AG did not employ any staff in the reporting year nor in the previous year. Since the balance sheet date of 31 As of December 2017, no events have occurred which affect the validity of the 2017 annual accounts of Jungfraubahn Holding AG.

Treasury shares

CHF (thousands)20172016
Inventory on 1st January(2017: 4,704 shares, 2016: 14,737 shares)4421,379
Purchases(2017: 20,005 shares, 2016: 20,476 shares)2,2381,943
Sales(2017: 21,116 shares, 2016: 30,509 shares)-2,723-2,842
Inventory on 31st December(2017: 3,593 shares, 2016: 4,704 shares)399442
Average price of purchased treasury shares (CHF)111.8694.89
Average price of treasury shares sold (CHF)128.9493.15

Holdings / voting rights in per cent

Share capital CHF (thousands)20172016
Group companies
Jungfraubahn AG, Interlaken; operation of a rack railway from Kleine Scheidegg to Jungfraujoch10,000100.0%100.0%
Wengernalpbahn AG, Interlaken; operation of a rack railway, chair lifts and ski lifts10,000100.0%100.0%
Firstbahn AG, Grindelwald; operation of the First Railway as well as chairlifts and ski lifts, hotels and restaurants10,000100.0%100.0%
Parkhaus Lauterbrunnen AG, Lauterbrunnen; construction and operation of Lauterbrunnen car park1,000100.0%100.0%
Mürrenbahn AG, Lauterbrunnen; operation of cable car and narrow gauge railway from Lauterbrunnen to Mürren100100.0%100.0%
Jungfrau Gastronomie AG, Interlaken; operation of hotels and restaurants [1]100100.0%0.0%
Bergbahn Lauterbrunnen-Mürren AG; operation of cable car and narrow gauge railway from Lauterbrunnen to Mürren1,80094.1%94.0%
Harderbahn AG, Interlaken; Interlaken-Harder cable car and Harder Kulm restaurant70588.4%88.2%
Grindelwald Grund Infrastruktur AG, Grindelwald; creating, maintaining and managing the infrastructure of railway stations, terminal, car park10,00080.0%80.0%
Jungfraubahnen Management AG, Interlaken; management / company consultancy, provision of services10067.0%67.0%
Sphinx AG Jungfraujoch, Fieschertal VS; ownership and management of Sphinx buildings, Jungfraujoch5357.1%57.1%
Associated companies
Gondelbahn Grindelwald-Männlichen AG, Grindelwald; operation of gondola lift and ski lifts in the Männlichen area11,00035.5%35.5%
Skilift Bumps AG, Wengen; creation, operation and maintenance of a ski lift on the Wickibort22022.7%22.7%
Deviating voting rights in holdings as a percentage
Gondelbahn Grindelwald-Männlichen AG, Grindelwald34.8%34.8%
Other significant holdings
Intersport Rent-Network Jungfrau Region AG, Grindelwald40012.5%12.5%
Berner Oberland-Bahnen AG, Interlaken12,3418.1%8.1%
[1] Company acquired in 2017

Shareholder structure

Significant shareholders
BEKB | BCBE (Berner Kantonalbank), Bern14.3%14.3%
Gebäudeversicherung Bern, Bern7.7%7.7%
Securitas Investment AG, Zollikofen4.7%4.7%
Erwin Reinhardt, Muri b. Bern [1]4.4%4.4%
Martin Haefner, Horw4.0%4.0%
[1] Participation directly and as beneficial owner of Montalto Holding AG, Zug, and Epicea Holding AG, Zug

Further information

CHF (thousands)20172016
Sureties, guarantees and pledges in favour of third parties
Joint and several liability for all value-added tax liabilities of the Jungfraubahn Group (including Berner Oberland-Bahnen AG)p.m.p.m.
Net release of silent reserves3060

Holding relationships of directors and management board members

Disclosure under Art. 663c ORNumber of shares 2017Number of shares 2016Voting rights share 2017
Board of Directors
Prof. Thomas Bieger, Board Chairman10,0009,4500.17%
Ueli Winzenried, Board Vice-Chairman4,5004,5000.08%
Peter Baumann, Board of Directors5,7004,9500.10%
Nils Graf, Board of Directors4,9134,1630.08%
Bruno Hofweber, Board of Directors5,3405,3400.09%
Dr. Jürg Rieben, former Board Vice-Chairman [1]8,554
Hanspeter Rüfenacht, Board of Directors [2]8500.01%
Total Board of Directors31,30336,9570.54%
Company Management
Urs Kessler, Chairman of the Executive Board32,00030,0000.55%
Jürg Lauper, Head of Infrastructure [3]9,197
Christoph Schläppi, Head of Corporate Services8,8958,8490.15%
Christoph Seiler, Head of Finances and Controlling16,80816,6080.29%
Total management57,70364,6540.99%
[1] on the Board of Directors until 22.05.2017 [2] Election to the Board of Directors on 22.05.2017 [3] Resigned on 31.05.2017

The relationships between the largest shareholders and individual members of the Board of Directors are disclosed in Figure 3.1 of the Corporate Governance Report. This connection is classified as "not related". There is no attribution of the shareholding held by the major shareholders to individual Board members.