Getlink : Les risques macro s’accumulent mais Eleclink continue de compenser
>Baisse de la livre Sterling : impact à relativiser (et déjà intégré ?) - La baisse récente de la livre suscite quelques interrogations sur Getlink. Le groupe réalise en effet un peu plus de 50% de son chiffre d’affaires Eurotunnel en £ soit 36% de son chiffre d’affaires total avec environ 1/3 des coûts dans cette devise (et une part négligeable des Capex). Ainsi, toutes choses égales par ailleurs, une baisse de 10% de la livre (vs €) entraine une réduction de l’EBIT...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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