Getlink : Quarantine reimposed in the UK: risks to 2020 guidance and covenants but limited stock-market impact
>UK quarantine makes the achievement of 2020 guidance difficult - Although its quarantine measures had been lifted on 10 July, the UK announced on 14 August that they would come back into force for travellers from France and the Netherlands (among others) from 15 August. This will doubtlessly affect Channel Tunnel traffic, both in terms of light vehicle shuttles and Eurostar passengers.Note that in Q2, passenger shuttle traffic saw a decline of -80% (down 91% in...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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