POST Online Media Lite Edition



 

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.

Article continues below






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.


What to read next

Eurotunnel Group Q1 revenues increased 1%
Groupe Eurotunnel revenues €1.023 billion
Groupe Eurotunnel Q3 revenues increased 4%