Getlink (Groupe Eurotunnel) revenue increased by 4% to €1.033B, with EBITDA up by 6% to €526M
Jacques Gounon, Chairman and Chief Executive Officer, stated: "The Group has seen its eighth consecutive year of growth and has had another excellent year from both operational and financial perspectives. The outlook for the years to come is equally positive notably for cash generation, enabling the Group to commit to a dividend increase of €0.05 per year for the next few years."
Highlights of the year included:
On the "wholesale" business side, revenue increased by 4% to €293M in 2017.
Revenue improved for Getlink’s Europorte rail freight business in France (Socorail and Europorte France brands), due to increasing volumes from customers in the automobile, chemicals and cereals sector.
Finally, says Getlink, work on Eleclink, the 1GW electrical connector running through the northbound tunnel, is said to be progressing well and it should be ready in 2020. Building the interconnector requires the installation of direct current cables in the North rail tunnel, the construction of two converter stations at Folkestone and Peuplingues and the burying of ac cables to reach the networks of British operator NGET and French operator RTE.