Getlink : Q3 2020 sales ahead of expectations, waiver obtained
>Q3 2020 sales down 17% vs -24% forecast by the consensus - Getlink reported Q3 sales down 17% to € 252m, ahead of expectations (€ 232m). While shuttle traffic was known (-3% on trucks and -30% on light vehicles), Eurostar traffic unsurprisingly fell by 89%, penalised by the drop in the number of trains crossing the Channel (3 to 6 return trips per day vs 25 before the crisis).Note that, despite the sharp drop in light vehicle traffic, shuttle sales declined by j...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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