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Groupe Eurotunnel consolidated revenues increase +7%

Staff writer |
Consolidated revenues for Groupe Eurotunnel SE in 2014 amounted to 1.207 billion euros, an increase of 84 million euros (+7%) compared to 2013.

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Operating costs increased proportionately, to €709 million (+8%). EBITDA reached €498 million, an increase of €32 million (+7%) compared to 2013. The operating profit increased by €32 million to €334 million (+11%).

The pre-tax profit for the Eurotunnel Group for the 2014 financial year is a profit of €56 million, an increase of €26 million compared to 2013, of which €8 million is from the Fixed Link, €13 million from MyFerryLink and €5 million from Europorte.

The consolidated result after tax for the Eurotunnel Group for 2014 is a profit of €57 million, compared to €111 million in 2013 which included an exceptional tax credit of €83 million following the initial recognition of a deferred tax asset at 31 December 2013.

Free cash flow generated in 2014 reached €155 million. Available cash at December 31, 2014 increased to €385 million.

In 2014, Eurotunnel's Shuttles transported 2.6 million passenger vehicles and 1.4 million trucks. Le Shuttle broke its previous all-time record during the school holidays with a total of more than 19,000 vehicles carried in one day, on December 19. This is the highest volume ever transported in one day in 20 years of operations.

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