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Name | Symbol | Market | Type |
---|---|---|---|
Getnet Adquirencia e Servicos para Meios de Pagamento SA | NASDAQ:GET | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.88 | 1.79 | 1.96 | 0 | 01:00:00 |
Regulatory News:
Getlink (Paris:GET):
► First quarter 2024
Yann Leriche, the Group's Chief Executive Officer, commented: "As anticipated, the first quarter of 2024 was marked by the normalisation of ElecLink's contribution and increased competition from the ferries. Against this backdrop, the Group has strengthened its operational performance in the service of its customers, enabling Eurotunnel's revenues to show solid resilience and Europorte to grow. We will continue to pursue our customer-focused and cost-containment strategy, the effects of which should be reinforced by the application of the law to combat social dumping on cross-Channel routes in July 2024".
► First quarter 2024: highlights
► REVENUE: FIRST QUARTER
First-quarter revenue (1 January to 31 March)
€m
1st quarter 2024
unaudited
1st quarter 2023
restated*
Variation
1st quarter 2023
published**
Eurotunnel Shuttles
148
156
-5%
154
Railway Network
90
82
10%
81
Other revenue
6
6
0%
6
Sub-total Eurotunnel
244
244
0%
241
Europorte
40
35
14%
35
ElecLink
107
231
-54%
231
Revenue
391
510
-23%
507
* Restated using the average exchange rate for the first quarter of 2024 of £1 = €.,169. ** The average exchange rate for the first three months of 2023 was £1 = €1.138.
A. Group
The Group's consolidated revenue for the first quarter fell by 23% at constant exchange rates, to €391 million.
B. Eurotunnel
At €244 million, Eurotunnel's revenue is stable compared to the first quarter of 2023.
Shuttle revenue totalled €148 million, down 5% in the first quarter compared to the same period last year, penalised by the fall in traffic.
Railway Network revenue rose by 10% to €90 million, boosted by the increase in Eurostar traffic.
C. Europorte
Europorte reported a 14% increase in revenue to €40 million.
D. ElecLink
In the first quarter, ElecLink's revenue was down 54% compared with the first quarter of 2023, reflecting the expected normalisation of the energy market. Q1 2023 had benefitted from particularly exceptional electricity market conditions.
As at 31 March, ElecLink had secured nearly €300 million in revenue for 2024 (representing 76% of annual capacity).
► OUTLOOK
Getlink confirms that it expects EBITDA in 2024 to be between €780 et €830 million in 20232.
► EUROTUNNEL TRAFFIC
First-quarter traffic (1 January to 31 March)
Q1 2024
Q1 2023
Variation
Truck Shuttles
Trucks
301,801
321,904
-6%
Passager Shuttles
Passenger vehicules¹
381,319
387,137
-2%
High-speed trains (Eurostar) ²
Passengers
2,393,479
2,205,770
9%
Rail freight trains 3
Number of trains
313
346
-10%
1 Including motorbikes, vehicles with trailers, caravans, motorhomes and coaches. 2 Only Eurostar passengers using the Channel Tunnel are included in this table, which excludes journeys between continental stations (Bruxelles-Calais, Bruxelles-Lille, Bruxelles-Paris, etc..). 3 Trains operated by railway companies (DB Cargo on behalf of BRB, SNCF and its subsidiaries, GB Railfreight, RailAdventure and Europorte) using the Tunnel.
A. Eurotunnel Shuttles
B. Railway Network
*****************************************
About Getlink
Getlink SE (Euronext Paris: GET), through its subsidiary Eurotunnel, is the concession holder until 2086 for the Channel Tunnel infrastructure and operates Truck Shuttles and Passenger Shuttles (cars and coaches) between Folkestone (UK) and Calais (France). Since 31 December 2020 Eurotunnel has been developing the smart border to ensure that the Tunnel remains the fastest, most reliable, easiest and most environmentally friendly way to cross the Channel. Since it opened in 1994, close to 500 million people and more than 102 million vehicles have travelled through the Channel Tunnel. This unique land link, which carries a quarter of trade between the Continent and the United Kingdom, has become a vital link, reinforced by the ElecLink electricity interconnector installed in the Tunnel, which helps to balance energy needs between France and the United Kingdom. Getlink completes its sustainable mobility services with its rail freight subsidiary Europorte. Committed to "low-carbon" services that control their impact on the environment (through its activities, the Group avoids the equivalent of 1.9 million tonnes of CO2 per year), Getlink has made the place of people, nature and territories a central concern.
https://www.getlinkgroup.com
1 All comparisons with revenues for the first quarter of 2023 are made at the average exchange rate for the first quarter of 2024 of £1 = €1.169.
2 Target set in February 2024 based on the scope of consolidation at that date and an exchange rate of £1= €1.15, assuming a constant regulatory and fiscal environment.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240424288348/en/
Press: Anne-Sophie de Faucigny: +33 (0)6.46.01.52.86 Laurence Bault: +33 (0)6.83.61.89.96
Analyst and investor: Virginie Rousseau: +33 (0)6.77.41.03.39
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