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Eurotunnel Fixed Link EBITDA €523 million, €29 million lost on migrants

Staff writer |
Eurotunnel Group posted its 2015 annual results. Shuttles transported 2.6 million passenger vehicles and 1.5 million trucks.

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Le Shuttle achieved a record annual market share of 52.6% for its Passenger Shuttle car activity. The Pet Travel Service also achieved a record year, with 260,000 animals transported (+13% compared to 2014).

The Truck Shuttle service ended the year with a new all-time record of 1,483,741 trucks transported.

At €523 million, EBITDA for the Fixed Link segment increased by €2 million compared to 2014 at a constant exchange rate.

There was a positive contribution to 2015 revenues (€307 million, an increase of +9%) due to the signing of new contracts and the renewal of existing agreements. Since 2015, Europorte’s business represents more than a quarter of the Group’s revenues.

The growth in EBITDA (+7%) validates the strategy that favours contracts with added value.

Eurotunnel said it had asked the French and British governments to reimburse it 29 million euros ($32 million) mostly for revenue lost last year due to a migrant crisis at the French port of Calais.

In mid-July, Eurotunnel had asked France and Britain for 10 million euros to cover costs tied to beefing up security to cope with the migrant crisis in the first-half of the year.

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