Eurotunnel revenues increase but excludes lost income from MyFerryLink closure
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.
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.
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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Chris Price