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Business

Eurotunnel revenues increase but excludes lost income from MyFerryLink closure

By: Chris Price

Published: 09:00, 21 January 2016

Updated: 10:10, 21 January 2016

Revenues at Eurotunnel grew by 5% last year to €1.222 billion (£938.8m) thanks to record truck traffic, although this excludes income it lost from closing its ferry operations.

The Channel Tunnel operator saw shuttle sales increase by 5% to €579.7 million (£445.4m) and said it had not experienced any migrant disruption since bolstering fencing in Coquelles in October.

Nearly 1.5 million trucks used the crossing between Folkestone and France, an increase of 3%, while Eurostar traffic remained stable at 10.4 million passengers.

Eurotunnel has increased revenues

MyFerryLink, the Dover-to-Calais ferry operator it was forced to closed in July after a ruling by the Competition and Markets Authority, increased revenues by 33% to €52 million (£40m) in the first half of the year.

Eurotunnel was able to post overall growth in its revenues after applying to have its ferry income excluded from its accounts.

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Rail freight service Europorte upped its turnover by 9% to €306.6 million (£235.6m).

Chairman and chief executive Jacques Gounonsaid: “In 2015, Eurotunnel achieved further growth in its annual revenues and saw a record year for its truck shuttles.

“The Channel Tunnel has never been more attractive and remains the clear leader in its market.”

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