on GETLINK (EPA:GET)
Getlink: Revenue down 17% in the first quarter of 2025
Getlink announced revenue of €328 million for the first quarter of 2025, a 17% year-on-year decline. This decline is mainly attributed to the normalization of electricity markets and the temporary suspension of the ElecLink interconnector, which saw revenue fall by 69%.
Conversely, the group's traditional businesses, Eurotunnel and Europorte, recorded modest growth of 2%. Eurotunnel's revenue amounted to €254 million, despite the decline in passenger vehicle traffic, impacted by the postponement of the Easter holidays.
Getlink also received an upgrade to its credit rating from BB+ and issued €600 million in green bonds. These funds were partially used to repay an existing bond.
R. E.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all GETLINK news