Eurotunnel released its Q1 trading update. Total revenue was up 1% at constant change and perimeter, at €231.8m, reflecting mainly the better performance of the Railway Network business (mostly Eurostar), whose revenues were up c.4%, supported by a 2% rise in Eurostar traffic, offsetting stable Shuttle Services which were impacted by unfavourable calendar effects. Management suggested a promising start to April for the Eurostar business, saying it should benefit from a record-high number
20 Apr 2017
FX headwinds overshadow Eurostar recovery in Q1
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FX headwinds overshadow Eurostar recovery in Q1
Getlink SE (GET:WBO) | 0 0 1.0% | Mkt Cap: 5,970m
- Published:
20 Apr 2017 -
Author:
Edouard Enault -
Pages:
2
Eurotunnel released its Q1 trading update. Total revenue was up 1% at constant change and perimeter, at €231.8m, reflecting mainly the better performance of the Railway Network business (mostly Eurostar), whose revenues were up c.4%, supported by a 2% rise in Eurostar traffic, offsetting stable Shuttle Services which were impacted by unfavourable calendar effects. Management suggested a promising start to April for the Eurostar business, saying it should benefit from a record-high number