Getlink SE

GET

Equity

ISIN FR0010533075 / Valor 3469403

Euronext - Euronext Paris (2024-12-23)

EUR 15.34+0.07%

Getlink SE
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About company

Getlink SE is a low-carbon transport operator that focuses on facilitating access to cross-Channel services for high-speed trains through the use of STATCOM technology. Developed in collaboration with GE and Eurostar, this technology allows Eurotunnel to double its reactive compensation power in the Channel Tunnel. With a strong emphasis on environmental, social, and societal issues, Getlink SE has invested significantly in research and development to enhance its operations and support sustainable transportation solutions.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Decline

Getlink SE reported a consolidated revenue of €808 million for the first half of 2024, marking a decrease of €132 million or 14% compared to the same period in 2023. This decline was primarily attributed to the normalization of the energy market, which significantly impacted ElecLink's revenue.

Operating Costs Reduction

During the first half of 2024, Getlink SE's operating costs totaled €384 million, a reduction of €56 million or 13% compared to the previous year. This decrease was mainly due to a reduction in the charge for the provision for sharing the profit of the ElecLink interconnector.

EBITDA and Operating Profit

Getlink SE's current EBITDA for the first half of 2024 was €424 million, down by €76 million from the previous year. The operating profit for the same period was €302 million, reflecting a decrease of €76 million compared to the first half of 2023.

Net Profit Increase

Despite the challenges, Getlink SE's consolidated net profit for the first six months of 2024 was €173 million, an increase of €12 million compared to the €161 million profit recorded in the first half of 2023. This improvement was supported by a net tax income of €15 million.

Eurotunnel Segment Performance

The Eurotunnel segment, which accounted for 67% of Getlink SE's total revenue in the first half of 2024, generated €540 million in revenue, a 1% increase from the previous year. However, the Shuttle Services revenue within this segment fell by 4% due to increased competition from ferry companies.

Summarized from source with an LLMView Source

Key figures

-8.23%1Y

7.46%3Y

-1.79%5Y

Performance

16.4%1Y

19.6%3Y

27.4%5Y

Volatility