Successful Business Year For Saastal Bergbahnen
The financial stability of the Saastal Bergbahnen was also confirmed in the past financial year and an annual profit in the millions was reported. With the new construction of the Hannigbahn, the replacement investments in the Alpin Express as well as the preparations for the new trains and the replacement of the tracks on the Metro Alpin, the 2023/24 financial year was characterized by very high investments.
In the 2023/24 financial year, annual revenue of CHF 28.47 million and EBITDA of CHF 9.96 million were achieved. The EBITDA margin is 35% and cash flow amounts to CHF 8.63 million. Ultimately, an annual profit of CHF 2.42 million was achieved with an equity share of 55%. "Even though the increased number of closing days and record amounts of snow had an impact on sales compared to the previous year, we can be very satisfied with the result and thank all employees for their great commitment," says Prof. Peter Schröcksnadel, Chairman of the Board of Directors of Saastal Bergbahnen AG.
"The highlight of the last financial year was the opening of the new Hannigbahn with a 10-seater monocable gondola lift. The new, modern 10-seater cabins meet high standards of ride comfort and enable the problem-free transport of leisure equipment such as sledges and bikes. Thanks to the outstanding performance of all partners involved and the close cooperation with the municipality and the tourism organization, we have succeeded in securing Hannig as a destination for the next generation and creating a high-quality experience," says Simon Bumann, CEO of Saastal Bergbahnen. In addition to the new Hannigbahn, CHF 4.3 million was invested in the renovation of the Alpin Express 3-S-Bahn, CHF 5.3 million in preparation for the comprehensive renovation of the Metro Alpin, CHF 2 million in snowmaking and slopes, and CHF 1.5 million in new vehicles and machines. At CHF 21 million, the 2023/24 financial year has a very high level of investment activity overall.
The future of the Saas Valley cable cars and the Saas-Fee/Saas Valley destination is promising. In addition to investments in the cable cars, the Saas Valley is also investing heavily in new offers and guest beds. "With these mutually reinforcing investments, we feel very confident for the coming years," summarizes Simon Bumann. The Saas-Fee ski area reaches up to 3,600 meters above sea level and is therefore considered to be snow-sure. As summers get warmer, the summer offering is also being continuously expanded.
