Getlink : Buy confirmed after a lacklustre H1 2019
>Forecasts for 2019 EBITDA adjusted to € 562m, in line with guidance - At the conference call to present interim earnings (see our full comments of 23 July) Getlink’s management confirmed that it anticipates 2019 EBITDA of € 560m, corresponding to a no-deal Brexit scenario. After a 2% decline in H1, this implies that EBITDA is set to fall by 1% in H2. We have revised down our forecasts and now anticipate EBITDA of € 562m (vs € 576m previously) perfectly in line w...Getlink SE, formerly known as Groupe Eurotunnel SE, is a France-based company, which brings together a group of companies active in the fields of infrastructure management and transport operations. Its various entities share the attention to quality and customer service, with priority given to safety. The Company manages and operates the Channel Tunnel between the United Kingdom and France and its railway infrastructure. The Company is also engaged in the passenger and freight transport between continental Europe and the United Kingdom. In addition, it provides ferry transport through the Channel. Getlink SE has direct and indirect stakes in a number of companies, including The Channel Tunnel Group Limited, France Manche SA and Europorte SAS, among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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