Regulatory News:
Getlink (Paris:GET)
► Third quarter 2018
- Revenues for the third quarter of
2018 reached €305.9 million, growth of +7% compared to the same
period in 20171, like for like.
- Eurotunnel
- Eurotunnel Le Shuttle revenues
increased by +6% to €190.7 million
- Railway Network revenues increased
by +9% to €80.8 million, due in large part to the launch of the
direct service from London to Amsterdam
- Europorte: revenues increased by +1%
to €29.4 million
Jacques Gounon, Chairman and Chief Executive Officer
of the Group stated: "In the third quarter, the Group again
increased its revenue by +7%. We also continue to prepare for
Brexit as we have done over the past two years. We are confident
that after Brexit, we shall continue to improve our quality of
service and competitive position"
_______________1 All comparisons with the revenues of the first
nine months of 2017 are made at the average exchange rate for the
first nine months of 2018 of £1=€1.130.
► Third quarter of 2018: key
events
- Group
- First bond issue in the form of Green
Bonds for an amount of €550 million.
- Eurotunnel
- Le Shuttle Freight service had the best
traffic for the months of July and August in its history, also
setting a record for a third quarter;
- Passenger traffic had its best month of
September since 1999 and its best third quarter since 1998 with
240,268 and 918,128 vehicles transported respectively;
- Eurostar established a new all-time
record quarter with a +12% increase in traffic compared to the
third quarter of 2017;
- Agreement with High Speed 1, Lisea and
SNCF Réseau to study the prospect of a high-speed rail link between
London and Bordeaux;
- Launch of the partnership between
Eurotunnel, High Speed 1, Infrabel and SNCF Réseau to deploy ERTMS
on the Paris-Brussels-London routes;
- More than 40 departmental,
administrative and stakeholder visits and working groups from
France, UK and Europe were organised in the third quarter of 2018,
bringing the number of visits to more than 500 since the Brexit
announcement.
- Europorte
- Continued growth and renewal of
contracts with historical customers;
- Signing of several structural
contracts, in particular a 3-year contract with the Total Group,
which will start on 1 January 2019 with the development of mainline
transport in France as part of its development in Germany;
- Strengthening of the industrial
activities of Europorte Services (formerly Socorail);
- Restart of railway activities at the
Feyzin and Donges sites.
- ElecLink
- Infrastructure of the Coquelles
convertor station nearing completion. Installation of active
electrical components in progress, including 4 Siemens transformers
delivered to the site;
- Infrastructure of the Folkestone
convertor station well under way. Installation of the active
electric elements by the end of the year, including 3 out of 4
Siemens transformers delivered to the site.
► REVENUES: THIRD
QUARTER
Revenues for the third quarter (1 July
to 30 September)
Revenues
(€ million)
3rd
quarter2018un-audited
3rd
quarter2017 restated*
Change
3rd
quarter2017 published**
Shuttle Services 190.7 179.8 +6% 179.3
Railway Network 80.8 74.2 +9% 73.8 Other revenues 5.0
4.2 +19% 4.3
Sub-total Eurotunnel
276.5 258.2 +7%
257.4 Europorte 29.4 29.0 +1%
29.0
Revenues 305.9 287.2
+7% 286.4
* Restated at the average exchange rate
for the first nine months of 2018: £1=€1.130
** Average exchange rate for the first
nine months of 2017: £1=€1.142
A. Group
The consolidated revenue for the Group reached €305.9 million,
an increase of +7% at a constant exchange rate.
B. Eurotunnel
At €276.5 million, revenues for the Fixed Link showed an
increase of +7% for the third quarter of 2018.
Revenues from the Shuttle business reached €190.7 million, an
increase of +6% compared to the same period last year, largely due
to an increase in yield.
Revenues from the Railway Network grew by +9%, largely due to
the increase in Eurostar traffic, through the opening of the direct
London to Amsterdam one-way service and by an increase in other
services.
C. Rail freight operators: Europorte and its
subsidiaries
Europorte further increased its revenues by +1% to €29.4
million.
Revenues for the first nine months (1
January to 30 September)
Revenues
(€ million)
Year to date30 Sept
2018un-audited
Year to date30 Sept
2017restated*
Change
Year to date30 Sept
2017published**
Shuttle Services 486.5 461.8 +5% 464.0
Railway Network 228.4 218.6 +4% 219.7 Other revenues 12.2
11.4 +7% 11.5
Sub-total Eurotunnel
727.1 691.8 +5%
695.2 Europorte 89.2 88.2 +1%
88.2
Revenues 816.3 780.0
+5% 783.4
* Restated at the average exchange rate
for the first nine months of 2018: £1=€1.130
** Average exchange rate for the first
nine months of 2017: £1=€1.142
For the first nine months of the year, up to the end of
September 2018, revenues for the Eurotunnel Group reached €816.3
million (+5%).
- Revenues from Shuttle Services grew by
+5% to €486.5 million;
- Revenues from the use of the Railway
Network, increased by +4% to €228.4 million;
- Europorte revenue increased by +1% to
€89.2 million.
► FIXED LINK TRAFFIC
Traffic for the third quarter (1 July
to 30 September)
Q3 2018 Q3 2017 Change
Truck Shuttles Trucks 414,584 402,796
+3%
Passenger Shuttles Cars¹ 907,297
895,370 +1% Coaches 10,831
11,244 -4%
High-speed passengertrains²
(Eurostar)
Passengers 3,004,987 2,691,951 +12%
Rail freight trains 3 Trains 500
487 +3%
¹ Including motorcycles, vehicles with
trailers, caravans and motor homes.
² Only Eurostar passengers travelling
through the Channel Tunnel are included in this table, excluding
those who travel betweencontinental stations (such as
Brussels-Calais, Brussels-Lille, Brussels-Amsterdam, etc.).
3 Rail freight services by train operators
(DB Cargo for BRB, the SNCF and its subsidiaries, GB Railfreight,
Rail OperationsGroup, RailAdventure and Europorte) using the
Tunnel.
Traffic for the first nine months (1
January to 30 September)
Year to date30 Sept 2018
Year to date30 Sept 2017
Change Truck Shuttles Trucks
1,259,716 1,225,943 +3%
Passenger Shuttles
Cars¹ 2,070,351 2,033,457 +2%
Coaches 38,105 38,958 -2%
High-speed passengertrains²
(Eurostar)
Passengers 8,203,808 7,732,376 +6%
Rail freight trains 3 Trains 1,560
1,530 +2%
¹ Including motorcycles, vehicles with
trailers, caravans and motor homes.
² Only Eurostar passengers travelling
through the Channel Tunnel are included in this table, excluding
those who travel betweencontinental stations (such as
Brussels-Calais and Brussels-Lille, Brussels-Amsterdam, etc.).
3 Rail freight services by train operators
(DB Cargo for BRB, the SNCF and its subsidiaries, GB Railfreight,
Rail OperationsGroup, RailAdventure and Europorte) using the
Tunnel.
A. Eurotunnel Shuttles
- Passenger Shuttles: despite a
disturbed context in the second quarter and difficult weather
conditions during the summer season, car traffic, which was up by
+2% for the first nine months of this year, has set new traffic
records not seen since 1998 and 1999. The car market share for Le
Shuttle was 53.3% for the first nine months of 2018.
- Truck Shuttles: truck traffic
increased by +3% for the first nine months of 2018 compared to the
same period in 2017, establishing a new record for a third quarter.
Eurotunnel has cemented its place as the leader in the market and
with a market share of 40.7%. +1.7 percentage points above the same
period in 2017. Le Shuttle Freight maintained a steady path and
strongly outperformed the market.
B. Railway Network
- High-speed trains: Eurostar
carried more than 3 million passengers (+12%) for the third
quarter, and more than 8.2 million passengers (+6%) for the first
nine months of 2018. This strong growth can be attributed the
launch of the direct service from London to Amsterdam and a good
summer.
- Cross-Channel rail freight: for
the first nine months of this year, the number of cross-Channel
rail freight trains increased by +2% to 1,560 trains. The traffic
increase for the third quarter was +3%. This activity was strongly
impacted by the SNCF strikes during the second quarter of
2018.
C. Europorte
For the nine first months of 2018, Europorte increased its
revenues by +1%, in line with its strategic plan and despite the
social movements during the second trimester.
This very dynamic quarter marked by strong organic growth and
the strengthening of pricing power confirms the Group’s position
regarding its long-term outlook. Overall, even in the current
context of the Brexit negotiations, the Group confirms its medium
term EBITDA objectives of €735 million (at £1=€1.14) by 2022.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181022005835/en/
GetlinkFor UK media enquiriesJohn Keefe on + 44
(0) 1303 284491Email: press@getlinkgroup.comorFor other media
enquiriesAnne-Laure Desclèves on +33(0)1 4098 0467orFor
investor enquiriesJean-Baptiste Roussille on +33 (0)1 40 98 04
81Email: jean-baptiste.roussille@getlinkgroup.comorMichael Schuller
on +44 (0) 1303 288749Email: Michael.schuller@getlinkgroup.com
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