Getlink : Q1 2020 revenues down 9%, 2020 guidance shelved as expected
>Q1 revenues down 8.6% vs -10.6% expected (ODDO BHF) - After reporting its shuttle traffic for Q1 2020 on 2 April, Getlink reported Q1 2020 revenues of € 233m, down 8.6% vs Q1 2019, 2% higher than our forecast of € 227.9m (no consensus available).Shuttle revenues were down 9.3% to € 133.6m (ODDO BHF: € 132.2m est.), affected by a 1e14% fall in volumes for passenger vehicles and -12% for trucks due to the lockdown measures and the voluntary reduction in on-board ca...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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