Kitzsteinhorn: 63rd Annual General Meeting of Gletscherbahnen Kaprun AG Held

Gletscherbahnen Kaprun Aktiengesellschaft has invited its shareholders to the 63rd Annual General Meeting on April 19, 2023 in Kaprun. The agenda included the presentation of the successful 2021/22 financial year as well as significant personnel changes: Norbert Karlsböck will, at his own request, end his mandate as sole director of Gletscherbahnen Kaprun Aktiengesellschaft after the end of his term of office on July 31, 2023 and retire. MMag. Thomas Maierhofer, currently commercial officer in the company, was unanimously appointed by the supervisory board as the designated successor and will lead the AG as the new sole director from August 1, 2023. Chairman of the Supervisory Board Dr. Arno Gasteiger and his deputy and former mayor of Kaprun Manfred Gaßner resigned from their supervisory board positions at the end of the 63rd ordinary general meeting. Mag. Rudolf Zrost was elected as the new chairman of the supervisory board, with the new mayor Domenik David taking over as his deputy. Also new to the Supervisory Board: Mag. Renate Ecker.

Fiscal year 2021/22

Figures & conclusion: In the 2021/22 financial year with the balance sheet date September 30, 2022, Gletscherbahnen Kaprun Aktiengesellschaft generated sales of 46.6 million euros and thus achieved a net income of 4.8 million euros. A comparison with the last fiscal year 2018/19 unaffected by Corona shows an increase in sales of 1.8 percent. From October 2021 to September 2022, 1,045,640 guests visited the Kitzsteinhorn and the Maiskogel, despite the sometimes difficult general conditions. The proportion of mountain & nature experience guests in relation to snow sports enthusiasts has continued to rise - from 26 to 74 percent in the 2018/19 financial year to 30 to 70 percent in the 2021/22 financial year. This increase results from an increasing number of excursion guests, also in the winter months, as well as mountain bikers: domestic and international guests in the summer months. While COVID-19-related restrictions appear to have been overcome in early 2022, new uncertainties such as the Ukraine war, extreme inflation and the energy crisis are occupying companies and individuals alike. Whether with or without sports equipment - people seem to long for time out and regeneration in nature. This is reflected in the positive figures from the 2021/22 financial year.

Sustainability: In the 2021/22 financial year

Gletscherbahnen Kaprun Aktiengesellschaft expands the company's own small power plant in Grubbach with a third pump turbine, thereby increasing its own energy generation from hydropower to 1.3 million kWh per year.
The company is expanding its own visitor car park at the MK Maiskogelbahn and installing ten e-charging stations, with the option of expanding to 22 if required Avoid kilometers of travel in private vehicles, as visitors save themselves the round-trip journey to and from the Kaprun valley head.
The Kitzsteinhorn completes the multi-year research project on energy efficiency "CleanEnergy4Tourism" as a mountain railway partner in cooperation with Salzburg AG.
A digital dashboard was jointly developed and implemented, which significantly supports energy management in the company and makes new possibilities for the continuous improvement of energy efficiency visible.

Outlook

In order to protect the glacier and save energy, ski operations will be stopped earlier in the future - as early as in winter 2022/23 on May 29th, i.e. seven weeks earlier than in previous years. The cable cars to the Kitzsteinhorn and TOP OF SALZBURG/Gipfelwelt 3000 remain open and accessible to day trippers all year round. In terms of mobility, the company is aiming for a gradual conversion to electric drives for its own fleet of cars and minibuses. Since winter 2022/23, Gletscherbahnen Kaprun Aktiengesellschaft has also been operating its snow cats on the Maiskogel entirely with renewable HVO100 diesel fuel. The fossil-free diesel substitute is made from natural waste products such as used cooking oils and fats from restaurants and the food industry and emits 90 percent less CO2. For the company, this means CO2 savings of 240 tons on the Maiskogel in winter 2022/23. The focus is also on energy saving and efficiency as well as the expansion of in-house generation from renewable energy sources. By the end of 2023, the company's own power generation and energy generation from hydropower, solar energy, geothermal energy and energy recovery will amount to around 2,350,000 kWh per year.

Facts about the 2021/2022 financial year (10/01/2021 – 09/30/2022)