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.
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.
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.