Getlink : Q1 sales: decline in traffic and normalisation of Eleclink
>Revenues 3% above market expectations - After the publication of shuttle traffic data for Q1 2024, Getlink has published Q1 revenues of € 391m, down 23% vs Q1 2023 (above our forecast for € 353m and 3% above the consensus at € 380m). Penalised by LV traffic still 6% below the Q1 2023 level and -2% for HGVs, shuttle revenues came in 5% below the Q1 2023 level due to the price war with ferry companies. Rail revenues came in 10% above the Q1 2023 level with Eurosta...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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