'Remarkable performance' sees Eurotunnel revenues up

'Remarkable performance' sees Eurotunnel revenues up

Eurotunnel today reported a 5% rise in annual revenues for 2015 to top €1.2 billion.

Revenues from shuttle services through the Channel Tunnel increased by 5% to €579.7 million while Eurostar traffic was stable at 10.4 million passengers.

The improved result came despite migrants congregating near the Eurotunnel terminal in Coquelles near Calais.

The figures also exclude the €52 million achieved by Eurotunnel’s MyFerryLink cross-channel ferry operation which had to be withdrawn from Dover in July following an order by the Competition Appeal Tribunal.

Le Shuttle passenger traffic exceeded 2.5 million cars and outperformed a cross-Channel market that reduced by 2.7% in 2015, according to Eurotunnel.

This was described as a “remarkable performance” following 4% growth in 2014 over the previous year.

The Le Shuttle Passenger car market share increased to 52.6% in 2015.

A new record for tourist vehicles transported from Calais to Folkestone was set on January 3 of 11,270 cars and coaches.

Reviewing the fourth quarter of 2015, the company said: “Since the strengthening of security measures at the end of October, the Coquelles site has not experienced any intrusion causing disruption to traffic.”

Chairman and chief executive, Jacques Gounon, said that the Channel Tunnel “has never been more attractive and remains the clear leader in its market”.


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