Eurotunnel released a mitigated set of third quarter results. Revenue During the quarter, total revenue was up 4% at constant currency (cc) and down 4% on a reported basis. The Q3 results were driven by a strong performance in shuttle services (+12%cc), although partly offset by a contraction in the Railway network activities (-5% cc) caused by a strong decline in Eurostar traffic (-10%cc). Lastly, the Europorte business was down 7% cc. For the 9-month period, Shuttle Services were up 10% cc,
19 Oct 2016
Q3 update: lower traffic at Eurostar offset by stronger Shuttle services
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Q3 update: lower traffic at Eurostar offset by stronger Shuttle services
Getlink SE (GET:WBO) | 0 0 1.0% | Mkt Cap: 5,970m
- Published:
19 Oct 2016 -
Author:
Edouard Enault -
Pages:
4
Eurotunnel released a mitigated set of third quarter results. Revenue During the quarter, total revenue was up 4% at constant currency (cc) and down 4% on a reported basis. The Q3 results were driven by a strong performance in shuttle services (+12%cc), although partly offset by a contraction in the Railway network activities (-5% cc) caused by a strong decline in Eurostar traffic (-10%cc). Lastly, the Europorte business was down 7% cc. For the 9-month period, Shuttle Services were up 10% cc,