Eurotunnel Group: Revenues increase during 3rd quarter 2015

22/10/2015 - 10:00
  • Third Quarter 2015
      • Total revenues for the third quarter of 2015 increase by +3%, like for like1, to €334.4 million, compared to the same period in 20142.
    • Cross-Channel Fixed Link
      • Shuttle revenues increased by 3% to €172 million.
      • Passenger and Truck Shuttle traffic was almost stable (-1% each) in a context of disruptions by migrant activity in Calais.
      • Eurostar traffic grew by 2%.
    • Europorte: continued revenue growth (+6%)

Jacques Gounon, Chairman and Chief Executive Officer of Groupe Eurotunnel SE stated:

“Eurotunnel’s revenues have increased despite the migrant pressure which affects the Port of Calais and the Channel Tunnel. Eurotunnel appreciates the support of the British and French governments for this vital link for the European economy and the circulation of people.”

 

  • Third quarter of 2015: key events
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  • Cross-Channel Fixed Link
  • Public order – including inside the perimeter of the Concession, is the responsibility of the Conceding States3. The series of visits this summer by Home Secretary, Theresa May, Immigration Minister James Brokenshire and French Minister for the Interior, Bernard Cazeneuve on 20 August, followed by the visit from French Prime Minister, Manuel Valls accompanied by European Commissioners Franz Timmemans and Dimitris Avramopoulos, on 31 August, and the visit from Violeta Bulc, European Commissioner for Transport, and Michael Cramer, Chairman of the TRAN committee, on 20 October, confirm this framework; they underline the vital importance of Eurotunnel to the logistics industry and the European economy.
    Since the arrival of migrants in the Calais area in 2000, Eurotunnel has, over and above its own contractual obligations, invested hugely in physical security (fences, lighting, cameras, infra-red detectors) and human security to protect the terminal in Coquelles. This has enables the company in cooperation with police, to face up the new migratory pressure which has appeared this summer..
  • Eurotunnel is completing the installation of 29 km of high security fences. Security personnel have been doubled to nearly 250 people, including dog teams.
    The financing of this expenditure in the second half year is fully covered by agreements signed with the British government (Border Force) and SNCF Réseau. Additional costs, especially those linked to searches of Shuttles and the interception of migrants will be the object of a request for reimbursement from the two governments via the IGC, in accord with the position defined by the Arbitration Tribunal in April 2007.
  • Despite the disruptions arising from this difficult situation, Eurotunnel Le Shuttle set new records this summer: almost 658,000 passenger vehicles crossed the Channel with Eurotunnel in July and August and the all-time record for traffic carried in one day was broken on 15 August 2015, with 17,000 vehicles transported.
  • Eurotunnel, the leading rolling motorway with 1.5 million trucks transported every year, is investing in additional capacity to be able to carry 2 million trucks a year in 2020. The inauguration of Terminal 2015 on 20 October 2015 forms part of this ambition. Truck parking capacity has been increased through the addition of a further 340 spaces on the Coquelles terminal and the doubling of the access lanes.

 

  • Europorte
  • The Verdon terminal near Bordeaux is an ideally placed logistics platform for maritime, fluvial and terrestrial transport modes. It will come into service as the “Terminal à Conteneurs du Sud-Ouest” (TCSO). Europorte was selected to manage the terminal by the Grand Port Maritime de Bordeaux. The company will handle the rail shuttle between the Verdon and the freight zone and has subcontracted to “Société de Manutention Portuaire d’Aquitaine” (SMPA) for the handling of goods on the terminal.
  • Europorte continues to grow with the signature of new contracts for goods haulage. Two new contracts will come into force in 2016: Total Petrochemicals France and K+S.

 

  • MyFerryLink
    In the first half of the year the company had achieved the goals set for it at the launch, but was forced to stop its activity on 29 June 2015. The competitors P&O and DFDS were able to increase their prices on 1st July and have implemented capacity to recover as much maritime traffic as possible, in a context where this traffic is not immune to attacks of migrants: the port of Dover saw its traffic decline by 10.5% in the third quarter of 2015.

 

Get the full results in the attached document below. 


  1. Excluding MyFerryLink whose activity stopped on 2 July 2015
  1. All comparisons with 2014 are made at the average exchange rate for the first nine months of 2015 of £1=€1.378
  1. Treaty of Canterbury, 12 February 1986

 

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