Getlink 2020 Revenue Down 24% At CER
PARIS (dpa-AFX) - French railway company Getlink SE (GRPTY), formerly Groupe Eurotunnel SE, reported that its revenue for 2020 was 815.9 million euros, down 24% from last year at a constant exchange rate basis.
Eurotunnel s revenues were 692.6 million euros in 2020 down 27% from the previous year, at constant exchange rates.
Revenue from Shuttle services decreased by 17% to 521.4 million euros from the prior year, due to reduced traffic amid the COVID-19 crisis and its related lockdown, and travel restriction policies.
Revenue from the railway network decreased by 48% to 163.3 million euros, given the sharp reduction in train journeys due to health protection measures taken by the British and European governments.