The Destination of Andermatt has achieved in the past year, important milestones. After the opening of the second hotel and the connection of the two ski resorts of Andermatt and Sedrun, the project of the Egyptian Investor, Samih Sawiris in a new Phase occurs. Now the fruits of high investment are to be harvested.

Since the beginning of the project Andermatt Swiss Alps (ASA) has already invested more than a billion Swiss francs. Last year alone, investments in the amount of 150 million Swiss francs in the Expansion of the ski area and in the construction of real estate flippers. Sales increased across all segments by 87 per cent to 136 million Swiss francs.

ASA-CEO Franz-Xaver Simmen shows on Tuesday, before the media satisfied with the level: “The total product is now consistent.” Thanks to the high level of investment Andermatt had returned now definitely on the tourist map.

ski area is gaining in attractiveness

Alone, 140 million Swiss francs, the company invested in the merger of the two ski areas of Andermatt and Sedrun. The development of the visitor numbers show that these investments were justified, Simmen. Thus, the number of Skidays rose from 1. October 2017 up to 31. March by 36 percent to 450’000. Also, thanks to significantly higher catering sales, sales of the Ski-Arena, by as much as 70 percent to 23.8 million Swiss francs.

if you have Benefited this Winter, of course, the early start to the season and the exceptional weather conditions, admitted to the ASA-chief. The current season runs until the 19th century. May. From now on, annual subscriptions could be for the upcoming season 2019/20 with a discount.

For 110 million Swiss francs in real estate

sold A big leap the company has made in the past year in real estate sales. So in 2019, real estate in the value of 110.2 million Swiss francs were sold, which means a new record. The major part of sales is the result of a block transaction with Taurus real estate, the ASA flushed around 51 million in the Fund. But even otherwise, have revived the demand for property significantly, chief financial officer Melina Marty.

In the luxury hotel The Chedi Andermatt stayed in the past year, 43’000 passengers – 11 percent more than in the previous year. Sales rose by 17 per cent to 26 million Swiss francs. Thanks to the increase in sales was achieved for the first Time since the opening five years ago, to generate the black, said hotel Manager Jean-Yves sheet proud of. Next to the Chedi was opened in Andermatt at the end of December with the Radisson Blu is another Hotel with 179 rooms and 110 suites.

Continued high loss

it was The year bill due to the high investment and start-up costs, as expected, heavily loaded. The bottom line is, a loss of 41 million francs, after in the previous year to a Minus of 30 million was recorded. “We have switched to project mode in the operating mode,” said Simmen. The future investment would now strongly focused on demand. The focus is on a further increase in revenues while optimising costs. The achievement of the profit threshold is in a high degree by the Timing of the steps for further development.

This will not happen during his term in office, noted to Zweisimmen, with a Smile. As already known, Simmen leave the company by the end of April. Until his successor is found, assumes Khaled Bichara, CEO of Orascom IE, the line on an interim basis. Orascom currently holds 49 percent of the ASA, but want to buy within the next two years, the majority of Samih Sawiris, as the beginning of the year was reported. (sda/red)

Created: 09.04.2019, 17:34 PM