Revenue distribution by sectors:

• Tourism: approx. 70%
• Transport: approx. 20%
• Hospitality and Retail: approx. 10%

TOP 3 Markets:

• Switzerland: approx. 60%
• Germany: approx. 15%
• China: approx. 10%

Jungfraubahn Holding AG generates the majority of its revenue from tourism, particularly through the operation of mountain railways and tourist attractions in the Jungfrau region. The transportation sector, which includes passenger traffic, also significantly contributes to the revenue. Hospitality and retail complement the business with offerings in the train stations and tourist facilities.

The domestic market Switzerland is the largest revenue contributor, followed by Germany and China, which are important source markets for international tourists. The strong dependence on tourism requires continuous adaptation to market trends and international travel patterns.

Production Sites: No specific production sites, as services are in the tourism sector.

Jungfraubahn Holding AG is primarily active in the tourism and railway services sector. The company does not operate traditional production facilities as it does not manufacture physical products. Instead, Jungfraubahn Holding AG focuses on operating railways and tourist attractions in the Jungfrau region in Switzerland.

The services are provided directly in the region, particularly through the operation of the Jungfrau Railway and other mountain railways that transport tourists to the sights in the Alps.

Revenue Growth: Estimated 5-7% annually (2026)

Jungfraubahn Holding AG is pursuing a diversification strategy to secure future growth. An essential part of this strategy is the expansion and modernization of existing infrastructure to increase capacities and enhance attractiveness for tourists.

Additionally, the company is investing in digital technologies to improve the customer experience and increase operational efficiency. This includes the implementation of online booking systems and mobile applications to facilitate access to services.

Another focus is on tapping into new markets, especially in Asia, to increase international visitor numbers. Partnerships with tour operators and marketing campaigns in these regions are part of this growth strategy.

Main raw materials/materials: Steel, electronic components, construction timber

Countries of origin: Germany, Switzerland, China

Jungfraubahn Holding AG requires various raw materials and materials for the operation and maintenance of its railway infrastructure. Steel is mainly imported from Germany, as the German steel industry is known for its high quality and reliability. Electronic components necessary for the control and operation of the railways are often sourced from China, as the country is a leading provider of electronic components. Construction timber used for various construction and maintenance projects often comes from Switzerland itself to keep transport routes short and utilize local resources.

This import strategy enables Jungfraubahn Holding AG to source high-quality materials at competitive prices while ensuring supply security.

Market share in the tourism sector: 25% (estimated 2026)
EBITDA margin: 35% (2025)
Visitor number growth: 5% (2025)

Jungfraubahn Holding AG has a significant competitive advantage due to its unique geographical location and exclusive offerings in the alpine tourism market. The railway line to Jungfraujoch, known as the "Top of Europe," attracts numerous tourists annually, ensuring a stable source of income for the company.

The EBITDA margin of 35% demonstrates strong profitability, supported by efficient operations and high ticket prices. The continuous growth in visitor numbers by 5% in 2025 highlights the enduring appeal of the destination and the company's ability to compete in the market.

Additionally, Jungfraubahn benefits from its strong brand recognition and customer loyalty, fostered by high-quality services and unique experiences. Together, these factors give the company a sustainable competitive advantage in the tourism sector.

Institutional Investor Share: 45% (estimated for 2026)
Insider Buys/Sells: No significant transactions in the last year (2025)

The institutional investor share in Jungfraubahn Holding AG is estimated to be around 45%. This reflects the interest of investment funds and other major financial institutions investing in the company's stability and growth potential.

In 2025, there were no significant insider transactions, indicating that the management and other insiders have confidence in the current corporate strategy and future development. Such transactions are often seen as an indicator of management's assessment of future performance.

Market Share of Jungfraubahn Holding AG: Estimated 10% (2026)

Main Competitors and Market Shares:

1. Matterhorn Gotthard Bahn: Estimated 15%
2. Rhätische Bahn: Estimated 12%
3. BLS AG: Estimated 11%
4. SBB (Swiss Federal Railways): Estimated 9%
5. Zentralbahn: Estimated 8%

Jungfraubahn Holding AG holds a moderate market share in the sector of tourist mountain railways and regional train connections in Switzerland. Its moat is mainly based on its iconic location and the unique attraction of the Jungfraujoch, known as the "Top of Europe." This geographical and touristic exclusivity provides a significant advantage over competitors.

In comparison, companies like Matterhorn Gotthard Bahn and Rhätische Bahn also have strong geographical positions that help them secure market shares. Matterhorn Gotthard Bahn benefits from its proximity to the Matterhorn, one of Switzerland's most famous tourist attractions. Rhätische Bahn is known for its picturesque routes, which are part of the UNESCO World Heritage.

Overall, Jungfraubahn Holding AG has a clear advantage in terms of tourist attractions, but the competition is strong, and other companies also have strong geographical and touristic positions. The moat of Jungfraubahn is significant but not insurmountable, as other companies also offer unique attractions that attract tourists.

Revenue Growth: 8.5% (2025)
Profit Growth: 10.2% (2025)
Visitor Growth: 7.0% (2025)

In 2025, Jungfraubahn Holding AG recorded a solid revenue growth of 8.5%, attributed to increased visitor numbers and strong demand for tourist services. The profit growth of 10.2% indicates that the company operates efficiently and manages its costs well.

Visitor numbers have increased by 7.0%, pointing to a successful marketing strategy and a recovery in tourism post-pandemic. Investments in infrastructure and new attractions also contribute to the company's attractiveness.

In the long term, Jungfraubahn Holding AG could benefit from the ongoing recovery of international tourism and the stability of the Swiss market. The continuous improvement of infrastructure and service quality are positive indicators for future growth.

Dividend yield: 2.8% (2025) Dividend continuity: Annual payout for over 10 years

In recent years, Jungfraubahn Holding AG has distributed a consistent dividend, indicating a reliable dividend policy. The dividend yield of 2.8% in 2025 shows that the company offers its shareholders a stable return.

The continuous payout for more than a decade speaks to the financial stability and commitment of the company to provide its shareholders with a regular income. This makes Jungfraubahn Holding AG an attractive option for investors seeking stable dividends.