Getlink SE

GET

Equity

ISIN FR0010533075 / Valor 3469403

Euronext - Euronext Paris (2025-03-19)

EUR 15.95+1.17%

Getlink SE
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About company

Getlink SE, formerly known as Groupe Eurotunnel, is a prominent European transport company primarily known for operating the Channel Tunnel, which connects the United Kingdom and France. The company facilitates the movement of passengers and freight across the English Channel through its Eurotunnel Shuttle services and partnerships with high-speed train operators like Eurostar. Recently, Getlink has invested in advanced technologies such as the STATCOM system, developed in collaboration with GE, to enhance the efficiency and capacity of its rail services. This system, which represents a significant financial and research investment, aims to improve the electrical traction system within the Channel Tunnel, thereby supporting the operation of new-generation high-speed trains. Getlink's focus on technological advancements underscores its commitment to maintaining a robust and efficient cross-Channel transport infrastructure.

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

3.24%1Y

2.54%3Y

85.1%5Y

Performance

16.6%1Y

19.5%3Y

27.4%5Y

Volatility