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GETLINK S.E.: Getlink: 2020 Annual Results

GETLINK S.E.: Getlink: 2020 Annual Results
to get through the health crisis and anticipate Brexit
Robust revenue at €816 million (-24%
1
EBITDA down 41% to €328 million
Net available cash of €629M (+20%) at end of December 2020 and a positive Free Cash Flow (€31M)
Reduction in net financial debt of €92M
Regulatory News:
Yann Leriche, Group 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, whilst reinforcing our CSR actions. ....

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Channel Tunnel operator Getlink sees profit fall on travel restrictions : CityAM

Channel Tunnel operator Getlink sees profit fall on travel restrictions : CityAM
cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.

United Kingdom , Yann Leriche , Aston Martin , Boris Johnson , European Union , Channel Tunnel , ஒன்றுபட்டது கிஂக்டம் , யன்னி லெரிசே , ஆஸ்டன் மார்டின் , போரிஸ் ஜான்சன் , ஐரோப்பிய தொழிற்சங்கம் , சேனல் சுரங்கம் ,

Channel Tunnel operator deep in red as virus hits

Getlink, the operator of the Channel Tunnel link with Britain, reported on Thursday a 2020 net loss of €113 million due to the coronavirus pandemic and Brexit but said it was confident in the future.
The company, formerly known as Eurotunnel, reported a 2019 net profit of €159 million.
Revenues were down 25 per cent at €816 million last year, with Eurostar passenger services badly hit by the pandemic restrictions and the fallout from Brexit.
Operating profit – the company’s preferred measure – plunged 41 per cent to €328 million, an amount described as still “very substantial”.
The company said it had not “burned through cash”, and had also managed to reduce debt during the crisis. ....

United Kingdom , Yann Leriche , Channel Tunnel , ஒன்றுபட்டது கிஂக்டம் , யன்னி லெரிசே , சேனல் சுரங்கம் ,

Channel Tunnel group Getlink's profits plunge on pandemic travel bans

Channel Tunnel group Getlink's profits plunge on pandemic travel bans
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

United Kingdom , Sarah Morland , Yann Leriche , Hugh Lawson , Boris Johnson , Thomson Reuters Trust Principles , European Union , Channel Tunnel , British Prime Minister Boris Johnson , Thomson Reuters Trust , ஒன்றுபட்டது கிஂக்டம் , சாரா மார்‌ல்யாஂட் , யன்னி லெரிசே , ஹக் லாசன் , போரிஸ் ஜான்சன் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , ஐரோப்பிய தொழிற்சங்கம் , சேனல் சுரங்கம் , பிரிட்டிஷ் ப்ரைம் அமைச்சர் போரிஸ் ஜான்சன் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Eurotunnel parent company Getlink confirms 24% drop in revenues for 2020 due to Covid

Eurotunnel parent company Getlink confirms 24% drop in revenues for 2020 due to Covid
kentonline.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kentonline.co.uk Daily Mail and Mail on Sunday newspapers.

Yann Leriche , யன்னி லெரிசே ,