17/10/2024 - 7:32

Q3 2024: revenue stable

17/10/2024 - 7:32
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  • Group revenue for the third quarter of 2024 reached €475 million (-0.4%[1] due to the normalisation of ElecLink's contribution
    • Eurotunnel: revenue up 5% to €359 million
    • Europorte: revenue up 5% to €40 million
    • ElecLink: revenue down 21% to €76 million, reflecting the normalisation of electricity market over the period
  • Target EBITDA for 2024 between €780 and €830 million confirmed[2]

 

Yann Leriche, Chief Executive Officer of Getlink, commented: "Apart from the expected normalisation of ElecLink’s contribution, the historical activities are growing in the third quarter of 2024, which is a real satisfaction. Based on a re-entry into service of ElecLink mid-November, the Group confirms its guidance."

 


 

Footnotes

 

  1. ^ [1] All comparisons with revenue for the first nine months of 2023 are made at the average exchange rate for the first nine months of 2024 of £1 = €1.180.
  2. ^ [2] Target set based on the current scope of consolidation and an exchange rate of £1 = €1.15, assuming a constant regulatory and fiscal environment.

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