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Getlink : Feedback from road show: Outperform rating reiterated

>Little visibility on volumes but "Self-Help" efforts - After the interim results publication (see our comment of 22 July), we organised a road show with Yann Leriche (CEO since July 2020) and Géraldine Perichon (CFO since September 2020). While visibility on traffic recovery remains low (Eurostar traffic 96% below 2019 levels in Q2, light vehicles shuttle traffic -80%) and dependent on the trend in health constraints (lifting of quarantine imposed on travellers from ...
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.

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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.

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