2012 revenue and traffic figures for the Eurotunnel Group
2012 revenues increased by 14%1 to €993.1 million
- Channel Tunnel Fixed Link Concession
- Eurotunnel Shuttles: further revenue growth (+16 %)
- High speed trains: further increase in traffic (+2 %)
- Almost 20 million passengers, on all services, have travelled through the Tunnel
- Europorte: continuing development (+28 %) to €209.5 million.
Jacques Gounon, Chairman and Chief Executive Officer of Groupe Eurotunnel SA, stated:
“Groupe Eurotunnel has had a record year. The Group has reaffirmed its ability to move forward by getting the best from the infrastructure and operations it manages.”
- REVENUES: (FULL YEAR)
Total consolidated revenues for the Eurotunnel Group for the year 2012 increased to €993.1 million, an increase of 14% compared to 2011.
A. Channel Tunnel Fixed Link Concession
The advantages of the Tunnel, that is to say speed, reliability and respect for the environment are appreciated by its customers. This is demonstrated by the number of people transported: the symbolic bar of 300 million passengers travelling through the Channel Tunnel since its construction was reached in October 2012, of which approximately 20 million travelled in 2012.
- FIXED LINK TRAFFIC: FULL YEAR
The Shuttle business revenues increased significantly, by 16 % in 2012.
- Truck Shuttles: During the year, traffic carried on Truck Shuttles increased (16%) to approach the symbolic milestone of 1.5 million trucks, putting Eurotunnel a considerable way ahead of its rivals as world leader in piggy back transport. Market share increased to almost 43.5% for the year. Eurotunnel has never before carried as many trucks as in 2012, which overtook 2007, the previous record year. The Short Straits cross-Channel market for trucks experienced a further year of growth (estimated at +2.5%) although it remains 10% below its 2007 level.
- Passenger Shuttles: Eurotunnel’s passenger traffic has also been extremely encouraging and has continued to grow (+7% for cars, +5% for coaches) to approach 2.5 million vehicles, even though the cross-Channel car market contracted (-2.4%) in 2012. Eurotunnel’s market share increased by 4.4 points in 2012 to 50.8%. Major events such as the Queen’s Jubilee and the Olympic Games were catalysts for this traffic.
Overall, although the economic crisis is not yet over and competition remains strong in the cross-Channel market, customers continue to demonstrate strong loyalty to the Eurotunnel system. The high frequency of departures, the short journey time, the levels of punctuality and the minimal impact on the environment encourage industrial and individual customers to turn to Eurotunnel, whose business model and the capacity of whose staff to adapt to the increases in traffic should be recognised.
- High speed trains: Eurostar continued to achieve traffic growth during the year, reaching 9.9 million passengers (+2%) for the year. This market should continue to grow with new services to the south of France, such as the weekly service which will be tested during the spring of 2013 between London and Aix-en Provence, via Avignon and Lyon.
- Rail freight: The decline in the number of rail freight trains (-3%) reflects the fact that SNCF stopped its cross-Channel wagon load business and that RFF imposed a surcharge on customers at Frethun.
B. Rail freight operators: Europorte and its subsidiaries
The British and French rail freight subsidiaries are both fulfilling their roles as vectors for growth. Europorte has recorded a substantial increase in revenues (+28%, like for like) as a result of new contracts and closer relations with certain economic sectors. The quantity of cereal transported by Europorte in France increased by 20% during 2012. Industrial customers have confidence in the service developed by the Group based on flexibility, service quality and good working conditions for staff. With a European licence and Belgian certification, Europorte has also started new traffic flows on the Belgian network, opening the routes towards Antwerp and the surrounding area.
Europorte’s expertise in infrastructure management is well established and is bearing fruit.
Europorte has won all of the tenders where it has entered a bid in the ports sector in France.
GB Railfreight, the third largest rail freight operator in the UK continues to grow its business. In February 2012 GB Railfreight signed a 2 year contract to transport more than a million tonnes of spoil for a subcontractor of Crossrail, the railway network which will cross London from 2017.
Following the purchase of three ships from the ex-SeaFrance, Eurotunnel, as ship-owner, conferred their operation to an independent company, the SCOP. Services only commenced at the end of the summer so the revenues generated are not representative of the potential of this business. In February 2013 the three ships will all operate simultaneously, providing services spread across the day to meet customer requirements.
- All comparisons with 2011 are made at a constant exchange rate of £1 = €1.23.