Previous close | 15.85 |
Open | 15.78 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 15.65 - 15.84 |
52-week range | 14.20 - 17.34 |
Volume | |
Avg. volume | 705,773 |
Market cap | 8.578B |
Beta (5Y monthly) | 0.93 |
PE ratio (TTM) | 26.30 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.55 (3.47%) |
Ex-dividend date | 30 May 2024 |
1y target est | N/A |
(Reuters) -Getlink, which runs the undersea tunnel between France and Britain, on Thursday forecast a drop in core earnings this year as a return to more normal conditions in energy markets ends an unusual boost for its ElecLink business. Getlink said it expected earnings before interest, taxes, depreciation, and amortization (EBITDA) of 780-830 million euros ($846-$901 million) this year, after 910 million euros in 2023. Getlink Chief Executive Officer Yann Leriche told reporters on a call.
Truck traffic on LeShuttle freight in the period fell by 13%, dragged down by a sluggish UK economy and growing competition from ferry companies "deviating from the social models applicable in British and French domestic shipping," the group said in a statement. Its ElecLink power line, an underwater cable that links Britain's and France's grids, saw its quarterly revenue fall 53% to 132 million euros, an expected impact of narrowing of electricity price differentials between the two countries, the group said. The full-year contributions of the ElecLink, Eurotunnel and Europorte businesses was also behind the 14% rise in 2023 group revenue which came in at 1.829 billion euros.
The boss of the Channel Tunnel says new measures are being put in place to simplify border checks from next year, amid warnings that tougher controls post-Brexit risk putting off scores of travellers.