The Jungfrau Railway Group experienced a difficult first half of 2020. Covid-19 and the asso-ciated economic consequences were reflected in the business results. In the first half of the year, 100,600 visitors travelled to the Jungfraujoch. That is 78.6% less than during the same period in the previous year. The official order to end the winter season early and the closure of the tourist railways for almost three months led to the first half-year loss in the history of Jungfraubahn Holding AG. The loss amounted to CHF 11.5 million (2019: profit of CHF 23.9 million). Despite the severe effects of the coronavirus pandemic, the Jungfrau Railway Group was able to generate a positive EBITDA of CHF 5.9 million. As things stand, the company assumes that, despite a loss, it can expect a positive EBITDA for 2020 as a whole.

Jungfraubahn Holding AG held this year's Annual General Meeting (AGM) on Monday, 18 May 2020, without the physical attendance of its shareholders. It took place on the premises of the Jungfrau Railways management in Interlaken.

Jungfraubahn Holding AG has revised its dividend request to the General Meeting from 26 March and has now announced that no dividend payment shall be made for the year 2019. This decision comes in light of the global spread of coronavirus, as the prospects of a return to normal operation for the tourism industry have decreased significantly in comparison to prognoses in March and with the latest decision of the Federal Council. In particular, there is still no timetable for an exit from the lockdown for the tourism sector in Switzerland.

Jungfraubahn Holding AG has had a good start to 2020. From 1 January 2020 to 29 February 2020, the company recorded growth in winter sports. 1.7% fewer guests visited the Jungfraujoch in the first two months of the year compared with last year. How business develops in the coming months will depend on the spread or containment of the coronavirus.

The Board of Directors of Jungfraubahn Holding AG is to be strengthened. Therefore, the Board has decided to propose economiesuisse President Heinz Karrer as a new, additional member to the Annual General Meeting.

For the fourth time in its history, in 2019 Jungfrau Railways has attracted over a million visitors to the Jungfraujoch – Top of Europe. At the same time, the number of guests has increased in the summer season at all Experience Mountains.