Channel Tunnel operator’s sales hit by Brexit and French strikes

Brexit and ongoing strikes in France have hit sales for Getlink, which operates the Channel Tunnel.

Chairman Jacques Gounon said: “We estimate that the uncertainties surrounding Brexit and the social movements in France have adversely impacted the revenue by about €18 million.

“In spite of this we delivered a solid performance recording a tenth consecutive year of revenue growth. We shall continue to deploy our strategy in this less uncertain environment by working to improve our operational performance, serving the transition to an environmentally-focused economy.”

Revenue from the shuttle services fell by 2% year on year to €629.9 million, while rail revenue, driven by growth in Eurostar traffic, rose 3% to €315.1 million.

This meant that overall Eurotunnel’s revenues decreased slightly in 2019 to €957.6 million.

At a constant exchange rate, this was a small increase to €1.085 billion.

(Travel Mole)