on GETLINK (EPA:GET)
Getlink Reports Stable Revenue for Q3 2024
Getlink's Q3 2024 revenue reached €475 million, marking a slight decrease of 0.4% compared to the previous year. This decline is attributed to ElecLink's normalised performance in the electricity market, which saw a 21% dip in revenue to €76 million. Despite this, Eurotunnel and Europorte reported a revenue increase of 5%, reaching €359 million and €40 million respectively.
Eurotunnel's passenger and freight services experienced moderate changes. Passenger traffic was stable, while truck traffic grew by 2%. Europorte's growth was boosted by new contracts and acquisitions. Meanwhile, ElecLink's suspension until mid-November due to a fault detected outside the Tunnel in France, impacts its full-year revenue by an estimated €46 million.
Getlink affirms its annual EBITDA target between €780 and €830 million, despite facing challenges from market transitions and regulatory conditions.
R. H.
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