on GETLINK (EPA:GET)
Extended ElecLink outage impacts Getlink
On 28 November 2024, Getlink announced that the outage of the ElecLink electricity interconnector between France and the United Kingdom will be extended. This malfunction, which has persisted since 25 September, has required longer than expected repairs on the French side of the tunnel. As a result, the tunnel is now scheduled to return to service on 16 December.
This shutdown extension is expected to generate an additional commercial impact estimated at €12 million. Getlink is currently in discussions with its insurers for the terms of the insurance coverage. For the time being, the group's 2024 EBITDA forecasts remain unchanged.
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