on GETLINK (EPA:GET)
ElecLink Operations Face Extended Delay
Getlink announced further delays in the ElecLink electrical interconnector's operations between France and the UK. Originally halted on September 25 due to a fault, repair works in France are taking longer than expected. The return to service is now postponed by two weeks, resuming operations on December 16.
This extension will result in an estimated additional commercial impact of approximately 12 million euros. Discussions regarding insurance coverage are ongoing. Despite the delay, Getlink's EBITDA target for 2024 remains stable at this stage.
R. E.
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