January 22, 2015

Eurotunnel reports traffic and revenue increase

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EUROTUNNEL has announced record revenues for 2014, following a 7% growth in consolidated revenues, which reached €1.2bn.

Cross-channel railfreight saw the largest area of growth, with 14% more trains and a 21% increase in tonnage to 1.64 million tonnes in 2014 compared to 1.36 million tonnes the previous year. Eurotunnel attributes this increase to the Eurotunnel Incentive for Capacity Additions (ETICA) scheme which aims to incentivise new intermodal railfreight services.

Eurotunnel shuttle services saw a 7% increase in revenues to €526.7m. Lorry shuttle traffic increased by 6% to over 1.4 million and passenger shuttle traffic increased by 4% to over 2.5 million.

Eurostar saw a 3% increase in 2014 passenger traffic compared with 2013, with almost 21 million passengers transported last year. Future traffic growth is indicated to increase further when Eurostar launches its London – Lyon – Marseille service in 2015, and London – Amsterdam service in 2016.

Railfreight subsidiary Europorte has reported an 8% increase in revenues to €266.5m, following an increase in new contracts and an extension of existing agreements.

MyFerryLink, which Eurotunnel acquired in 2012 but was subsequently banned from operating by Britain's Competition and Markets Authority on January 9 2015, saw a 25% increase in revenue to €93m in 2014 compared with the previous year.

Mr Jacques Gounon, chairman and CEO of Eurotunnel, said: "Eurotunnel has had a record year in 2014, with a strong growth in all areas of its business. The year of the 20th anniversary of the opening of the channel tunnel has been dynamic: Eurotunnel continues to invest to maintain its leadership."

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