The Olympics and Diamond Jubilee celebrations drove Eurotunnel (Paris: FR0010533075 - news) to a record year last year, but the cross channel tunnel operator warned growth was unlikely to be as strong this year.
Traffic records were broken over the summer as Eurotunnel transported people flocking to the Games and Jubilee events in London, helping the group to a tripling of profits last year.
Net profit rose to €34m from €11m in 2011, and the board recommended a 50pc increase in dividend to 12 cents a share. Revenue rose 14pc to €993m.
However, the French-owned company said because last year was boosted by one-off events, growth in traffic was unlikely to be as strong this year.
"Activity remains positive, but as 2012 benefitted from some exceptional events (Olympics, Queen’s Jubilee), traffic is unlikely to see a repeat of 2012’s strong growth, even with the British public taking more and more short-breaks on the Continent via Le Shuttle," it said.
"The Group remains confident in its capacity to generate sustainable growth and through the development of further growth vectors, to increase its resistance to the vagaries of the economy."
Last year almost 20 million passengers and 20 million tonnes of goods used the Channel tunnel, linking Britain with France, and it carried the 300 millionth passenger since the start of commercial services in June 1994.