Bergbahnen Engelberg-Trübsee-Titlis AG increases revenue, achieves a half-year profit of CHF 1.68 million despite challenging conditions.

Despite challenging conditions, Bergbahnen Engelberg-Trübsee-Titlis AG (BET) achieved a profit of CHF 1.68 million in the winter season of 2025/26. After a record start to the winter, geopolitical developments in the Middle East and two exceptional events on Mount Titlis negatively impacted demand in the second half of the reporting period. However, thanks to positive developments in snow sports and stable operational performance, revenue and operating income were still able to increase slightly.

From November 1, 2025, to April 30, 2026, BET recorded 631,041 first-time entries, a decrease of 3.16% compared to the previous year. The international group travel sector was particularly affected, with visitor numbers declining by 19.88% to 104,665. Individual visitors also saw a decrease of 1.64% to 138,882. In contrast, snow sports performed well, reaching a new record high of 387,494 first-time entries despite a winter with little snow.

Transport revenue increased by 1.21% to CHF 27.97 million, while operating revenue also rose by 1.10% to CHF 43.20 million. EBITDA amounted to CHF 10.13 million, representing an EBITDA margin of 23%.

Restrictions in international air travel and reduced accessibility to key transfer hubs particularly impacted guests from India, China, and Southeast Asia. In contrast, demand from Switzerland, Europe, and North America remained stable.

Additionally, the tragic gondola accident of March 18, 2026, and the rockfall of April 17, 2026, had a short-term impact on visitor numbers. The rockfall resulted in no injuries or damage to the railway infrastructure.

Alongside day-to-day operations, the strategic development of the destination continued. The opening of the TITLIS Tower in early June 2026 marked a significant milestone for the TITLIS project. The overall project remains on schedule and within budget.

Geopolitical uncertainties will persist throughout the summer months. Nevertheless, the company anticipates stable demand from Switzerland, Europe, and other less affected source markets. Simultaneously, international markets will be consistently developed, and infrastructure expansion will proceed according to plan. With a stabilization of the geopolitical situation, the company expects a gradual recovery in international travel. The solid operational performance and the on-schedule implementation of the TITLIS project confirm the company's long-term strategic focus.

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