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Eurostar passenger growth boosts Eurotunnel revenues

Increased Eurostar carryings helped revenues at Channel Tunnel operator Eurotunnel grow by 4% last year to €1.033 billion.

The high speed passenger rail service achieved a record year with carryings up by 3% to 10.3 million over 2016.

Railway network revenue increased by 4% to €292.8 million thanks to the good levels of Eurostar traffic.

“After two years impacted by terrorist attacks, Eurostar recorded an increase in traffic for the year 2017 and, importantly, a new traffic record for the month of December (+1.6% verses December 2016),” Eurotunnel said.

“The upcoming launch of services between London and Amsterdam bodes well for the growth of this traffic through the tunnel.”

Car carryings on Le Shuttle services fell marginally by 0.6% to almost 2.6 million vehicles but its market share was stable at 54.9%.

Revenue from overall shuttle services increased by 3% year-on-year to €604.1 million through increased yields.

Eurotunnel chairman and chief executive Jacques Gounon said: “Despite the uncertainties surrounding Brexit, the group has delivered a 4% growth in revenues and has once again demonstrated the strength and balance of its economic model, no matter the circumstances.”

The group’s full year results will be published on February 21.

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