GETLINK SE 169 0 Kommentare 2023: All-time high revenue at €506.9 million

Regulatory News:

GETLINK SE (Paris:GET):

► Group

Q1 2023 revenue was €506.9 million, up 126%¹ compared to the same period last year, and up 23% like for like².

Eurotunnel
- Eurotunnel Shuttle revenue was €154.2 million, up 14%.
- Railway Network revenue was up 60% to €81.1 million buoyed by continued Eurostar traffic growth.
Europorte
- Revenue up 5% to €34.7 million.
ElecLink
- Strong revenue at €231.1 million.

Yann Leriche, Group Chief Executive Officer said: "These strong revenue figures from across the Group’s activities in the first quarter confirm the growing attraction of our simple and low carbon solutions. The Shuttle traffic figures, the performance of the ElecLink business and Europorte’s growth are the fruits of the daily commitment by our teams to provide excellent quality services to our customers.”

¹ All comparisons with Q1 2022 revenues are made at the average exchange rate of the first three months in 2023 of £1=€1.138.
² Excluding ElecLink for which commercial operations began on 25 May 2022.

► First quarter 2023: key events

Environment
- Strengthening of our climate ambitions with the setting of a new objective to reduce our carbon emissions by 54% by 2030 (following –30% by 2025).
- Confirmation of our commitments through the organisation of the first conference in the “Les Rencontres du Climat” series.
- Publication of a new measure which, for the first time, connects financial performance to climate performance: the decarbonised margin.
Group
- Resolutions at the forthcoming AGM proposing a dividend per share of €0.50 and the nominations of Marie Lemarié and Benoit de Ruffray to the Board.
- Appointment of Jean Pasternak as Group Chief Development Officer.
- Finalisation of an agreement with the Valuation Office Agency confirming an increase in Business Rates of less than €5 million in 2023 compared to last year, significantly below the initial maximum risk estimated at €25 million.
- Credit rating: lifting of outlook from “negative” to “positive” by S&P Global Ratings with confirmation of the BBB rating for CLEF/Eurotunnel and BB- for Getlink.
Eurotunnel
- Le Shuttle Freight
- Launch of the premium “First” product in response to demand from Truck Shuttle customers looking for additional time advantages in their crossings.
- Confirmation of market leadership with almost 322,000 trucks transported and a market share of 38.3%.
Le Shuttle
- Passenger traffic grew strongly (+31%) with more than 387,000 vehicles carried in the first three months of the year.
- Strengthening of leadership position in the Short Straits car market with market share at 67.9%.
- A new record for traffic since 2018 for the Easter getaway on Friday 31 March with 7,800 vehicles carried in the direction Folkestone to Calais.
Railway Network
- Strong rebound for Eurostar traffic with 2,205,770 passengers transported (+121%).
- Reduction in traffic from rail freight companies in the very penalising context of strikes in France.
Deployment of Statcom technology, the world’s most powerful static synchronous compensator connected to an electrical railway traction system which enables up to 16 latest generation trains to run at the same time through the Tunnel, giving an overall capacity of 1,000 trains per day.
Europorte
- Increase in revenue, up 5% to €34.7 million.
- Renewal of contracts with Esso and Soufflet.
- Pursuit of growth in Germany and Belgium with the extension of the Flex Express network: increase in frequency of services and the opening of a Europorte hub in Luisenthal in Germany.
- Signature of an agreement with the InVivo group, to provide traction for the Soufflet malteries trains using Oleo100 biofuel, reducing our carbon emissions by 1,300 tonnes per year.
- Signature of an innovative partnership with Socofer to develop hybrid motor solutions to replace internal combustion locomotives.
ElecLink
- Continuation of the excellent operational performance with an availability rate above 90% since entry into service on 25 May 2022.