Report

Getlink : Buy recommendation maintained after H1. No reason for speculation to weaken

>An encouraging start to H2 - During the conference call that followed the H1 2020 results publication (see our comment of 23 July), Getlink’s management was relatively confident in its capacity to meet its EBITDA guidance of € 350m. Over the first three weeks of July, shuttle sales were stable, underpinned by a marked upturn in passenger shuttles (since the lifting of quarantine measures) and a highly positive price effect (late bookings + long trips). In H2, the pri...
Underlying
Getlink SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch