General Meeting BVZ Holding 2026: Dividend Surge to CHF 30

2025 was a record year for the BVZ Group: Revenue rose to CHF 230.3 million (+6.6%), and profit increased to CHF 34.9 million (+52.1%). These figures underscore the strategic orientation. Looking towards future development, investments of around CHF 200 million are planned in the private sector alone by 2032. The 287 shareholders present at the General Meeting in Andermatt represented 110,328 votes, accounting for 55.93% of the share capital.

General Meeting Confirms the Board of Directors' Dividend Policy

The General Meeting of BVZ Holding AG approved all proposals of the Board of Directors. These included the annual report, the annual and consolidated financial statements as well as the ESG and sustainability report. The dividend was particularly in focus: Due to the pleasing business development, the General Meeting also approved the Board of Directors' proposed dividend of CHF 30 (previous year: CHF 18) per share. This substantial increase compared to the previous year by 67% reflects the records at the Gornergrat Railway, in real estate, in the Glacier Express and the increased earnings from participations and positive signals for the future development of the BVZ Group.

Countermotions for an even higher dividend payout and the creation of a share buyback program were rejected by the General Meeting. Thus, it followed the Board of Directors' recommendation that an even higher dividend and the creation of a share buyback program would have deprived BVZ of significant liquid funds required for self-financing strategic projects and value-generating investments in the coming years. The Board of Directors believes that sustainable, responsible value creation must take precedence over short- term maximization of the payout. "We pursue a sustainable and responsible dividend policy that simultaneously provides us with the necessary leeway for the long-term further development of our company and our offerings," explained Chairman of the Board Patrick Z’Brun at the General Meeting.

Daniel F. Lauber New on the Board of Directors

Chairman of the Board Patrick Z’Brun, Vice President Carole Ackermann, as well as Peter B. Arnold, Matthias In-Albon, Fernando Lehner, Marie-Gabrielle Ineichen-Fleisch and Dr. Carole Schmied-Syz were confirmed in their positions by the General Meeting.

Additionally, Daniel F. Lauber (45) was newly elected to the Board of Directors. With the diplomaed hotelier-restaurateur, the Board of Directors strengthens the regional anchorage in Zermatt. Lauber is the founder and owner of the multi-award-winning CERVO Mountain Resort in Zermatt and has many years of experience in strategic leadership, brand development, and innovation in alpine tourism. Lauber is on the board of various service partners from Zermatt.

Ordering of Four New POLARIS Trains for Gornergrat Marks Start of Extensive Investments

Already in March, the Board of Directors released CHF 30 million for the procurement of four additional POLARIS trains for the Gornergrat Railway. These will be delivered in autumn 2028 and will replace older trains. The new trains are to be in use starting winter 2028.

For further success, the BVZ Group follows a long-term investment plan. One focus is on enhancing the attractiveness of Gornergrat. Additionally, opportunities in the real estate sector are to be utilized. By 2032, investments of CHF 200 million are planned solely in the private business sector to be used for the renewal of railway infrastructure and rolling stock as well as for value-generating projects.

Even though geopolitical risks, currently such as in the Middle East, pose challenges, the BVZ Group is well-prepared for further growth with its strategic investment plans, its product portfolio, and diversification across the four business areas of Gornergrat, real estate, investments, and mobility. The focus is on qualitative growth that preserves the uniqueness of the natural landscape while simultaneously offering a high-quality guest experience.

For further information:
Media contact number: +41 27 927 71 41
medien@mgbahn.ch
www.bvzholding.ch
www.gornergrat.ch
www.glacierexpress.ch
www.mgbahn.ch

Editor's note: Image rights belong to the respective publisher. Image rights: BVZ Gruppe