Eurotunnel's parent company Getlink has confirmed its revenues fell 24% last year as its bottom line was hit hard by travel restrictions imposed due to the pandemic.

The company revealed its annual results this morning, confirming its expected figures published last month.

It saw the group's consolidated earning before interest, tax, depreciation and amortisation (EBITDA) plunge £197.5m to £282.86m.

Operating profit fell 67% compared to 2019 to £115.5m.

The group, which also runs other transport operations in Europe, saw its net loss for the 2020 financial year come to £97.4m.

However, it outperformed many of its cross-Channel competitors, claiming 70.1% of car traffic and 39.5% of freight traffic using the shortest route to the continent.

Yann Leriche, the group's chief executive officer said: “In 2020, thanks to rigorous management and strong commitment from our teams, Getlink delivered a solid operational and financial performance, in an exceptional context marked by the Covid crisis and Brexit.

"Our collective ability to adapt to this new economic environment and to continue to provide a vital service to our customers has enabled us to end this year with a historic level of cash, confirming the group’s resilience. This year we shall continue to be just as disciplined in the management of our cash flow and our costs."

However, due to the on-going uncertainty as a result of the health crisis, the group says any announcement regarding its 2021 performance will be postponed.

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