2020 FINANCIAL YEAR RESULT
After a very promising start, the 2020 financial year at was dominated by the Covid-19 pandemic. As a result, matching the good prior-year figures proved far beyond reach. Both revenue and passenger figures contracted by around 45% in total. The company nevertheless succeeded in generating a positive cash flow. The Board of Directors proposes to forego the payment of a dividend.
2020 FINANCIAL YEAR: DOMINATED BY COVID-19
Schilthorn Cableway Ltd. looks back on a mixed 2020 financial year. A promising start to the year was abruptly interrupted by the Covid-19 pandemic. The company's gastronomy and retail operations were particularly hard hit by the restrictive measures and the absence of guests from abroad.
PROJECT SCHILTHORN CABLEWAY 20XX - FURTHER MILESTONE REACHED
At the end of April, Schilthorn Cableway Ltd. submitted to the Federal Office of Transport the dossiers for the SCHILTHORN CABLEWAY 20XX planning approval application. This far-reaching project replaces the existing cableway facilities and stations. Construction is expected to commence in spring 2022. A project website has been set up at www.schilthornbahn20xx.ch.