63rd Annual General Meeting Of Schilthornbahn AG Held

The 63rd Annual General Meeting of Schilthornbahn AG has taken place in Mürren. 266 shareholders attended the meeting on site. The company looks back on a challenging 2024. In particular, the closure of the Schilthorn summit for construction work starting in October left its mark on the company's financial results.

A total of 618 shareholders (266 of whom were present in person) with 24,685 votes participated in the 63rd Annual General Meeting of Schilthornbahn AG at the Alpine Sports Center in Mürren on Friday, June 20, 2025. This represents 64.12 percent of the share capital.

Fiscal year 2024 - A touchstone

"2024 was a test," stated Johannes Stöckli, Chairman of the Board of Directors of Schilthornbahn AG, right at the beginning of his address. "Operationally, financially, logistically, and humanly," Stöckli continued. Indeed, the SCHILTHORNBAHN 20XX project once again had a significant impact on the 2024 financial year. The start was positive, with good snow conditions resulting in a strong winter, and summer business, which was also very good compared to the previous year, was encouraging. All source markets flourished. In particular, the Allmendhubel funicular and the Panorama Restaurant achieved significant growth. In December, two major milestones in the construction project were achieved with the opening of the world's steepest cable car and Switzerland's first Funifor cable car. The new cable cars boast an innovative energy management system, generating a quarter of their total energy consumption during the descent. However, all these positive developments were overshadowed by the closure of the Schilthorn summit from mid-October onwards. The cessation of operations brought with it the expected slump in footfall and revenue. Birg, as the final stop, didn't have the same appeal as the Schilthorn - Piz Gloria. It was therefore not surprising that this impacted the earnings of all business areas: Total revenue fell by 1.7 percent; nevertheless, the second-best revenue of CHF 32.2 million was achieved. Consequently, profit was also slightly lower at CHF 1.05 million. However, the low EBITDA of CHF 6.07 million did not meet expectations. Among other factors, the rapid construction progress, significantly higher personnel costs due to the capitalization of in-house work, and massively higher energy prices contributed to this result.

Business of the 63rd General Assembly

The Annual Report, including the 2024 financial statements, and the appropriation of retained earnings were approved. The Board of Directors and the Executive Board were discharged from liability. The motion to waive a dividend distribution in the interest of prudent liquidity planning was also approved. KPMG AG, Bern, was re-elected as auditors for another year.

Fiscal year 2025 - Positive development

After the challenging previous year, it is all the more gratifying to see positive figures in the new year. The 2024/25 winter season ended with a 4.4 percent increase over the previous year. Since the reopening of the Schilthorn summit on March 15, 2025, the company has recorded a 27 percent increase in excursion guests! With the opening of the second Mürren-Birg lane on November 28, 2025, just in time for the start of the coming winter season, the full transport capacity of 800 passengers per hour will be reached, further increasing the potential for further frequency growth. At the same time, after a peak in 2024, energy costs can be significantly reduced again. Another focus is on the construction of the new staff accommodation in Mürren with 13 additional residential units, which will be ready for occupancy in December 2025. In addition, there are other smaller, but no less significant, projects planned for implementation this year and next. "The enthusiasm for the new experience remains high among guests, as does their trust and curiosity," said Stöckli in his speech to shareholders. Thus, despite times in which many certainties are crumbling and much is changing worldwide, Schilthornbahn AG cannot and will not stand still in the future.

Annual report here