on GETLINK (EPA:GET)
Getlink's 2024 Revenue Sees 12% Drop Amid ElecLink Challenges
In 2024, Getlink reported a consolidated revenue of €1.614 billion, marking a 12% decrease compared to 2023. This decline is primarily attributed to ElecLink's significant revenue drop of 50% due to expected market normalization and a service suspension since September 2024. Eurotunnel and Europorte, however, showcased revenue growth of 3% and 12%, respectively.
Eurotunnel reached €1.166 billion, benefiting from increased Railway Network income and stable Shuttle Services revenue despite a competitive market. Notably, Europorte's revenue ascended to €168 million, fueled by robust service performance and strategic acquisitions.
Getlink remains optimistic about achieving an EBITDA target of €780 to €830 million for 2024, emphasizing strong operational control despite ElecLink's setbacks.
R. P.
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