GETLINK SE UNSP/ADR - GRPTY STOCK NEWS

Getlink SE (Euronext: GET) reported a robust Q1 2023 revenue of €506.9 million, marking a 126% increase year-over-year and a 23% increase on a like-for-like basis, primarily driven by contributions from ElecLink and other sectors. Key revenue segments included €154.2 million from the Eurotunnel Shuttle, up 14%, and a 60% increase in Railway Network revenue to €81.1 million. The company also announced plans for a €0.50 dividend per share and received a credit rating upgrade from S&P Global Ratings from negative to positive. Traffic figures for Eurostar climbed significantly, with a 121% increase in passengers. However, the Truck Shuttle service faced a 14% decrease in traffic, attributed to economic factors. Overall, the outlook remains positive for an EBITDA exceeding €910 million in 2023.

Getlink has introduced its new Decarbonisation Margin indicator, showcasing the Group's ability to adapt to rising greenhouse gas costs due to environmental policies. This metric, derived by excluding projected carbon costs from consolidated EBITDA, reached an impressive 97% of EBITDA in 2022 with a carbon price of €197/tonne. This high margin signifies the low emissions nature of Getlink's operations and aligns with environmental initiatives like the European Fit for 55 plan. CEO Yann Leriche stated that this financial measure helps in understanding the Group's role in climate transition and supports sustainable growth ambitions.

Getlink SE reported as of 31 March 2023 that it has 550 million ordinary shares in issue. The company's theoretical number of voting rights stands at 679,564,085, which includes shares with suspended voting rights. The exercisable voting rights total 670,123,188, excluding suspended shares. Each ordinary share holds a nominal value of €0.40. The company's by-laws allow double voting rights for fully paid-up shares held in registered form for two years.

This report provides essential insights into the current share capital and voting structure, crucial for investors monitoring GRPTY and its governance dynamics.

Getlink S.E. has announced the convening of its combined general meeting on April 27, 2023, at 10:00 a.m. CET in Marcq-en-Barœul, France. This meeting will address both ordinary and extraordinary agendas. The official convening notice, detailing the agenda and draft resolutions, was published in the French BALO on April 5, 2023, with prior notifications made on March 1, 2023. Shareholders can access necessary documents related to the General Meeting at Getlink's registered office, as per the French Commercial Code. Additional information can also be found on the company's dedicated web page for the 2023 General Meeting.

Getlink reported a successful Easter holiday weekend for its Le Shuttle service, transporting almost 30,500 cars from March 31 to April 2. The peak traffic occurred on March 31, with 7,800 vehicles crossing the Channel from Folkestone to Coquelles, a record since 2018. This surge demonstrates Le Shuttle's status as the preferred transport option for 60% of travelers. The company highlighted the dedication of Eurotunnel staff and additional services provided, including live music for nearly 100,000 customers. Chief Commercial Officer Deborah Merrens expressed satisfaction with the service quality, reinforcing Le Shuttle's role in offering a fast and low-carbon travel option.

Getlink has publicly filed its 2022 Universal Registration Document (URD) with the Autorité des marchés financiers on 20 March 2023. This comprehensive document includes key financial data up to 31 December 2022, details on corporate governance, and an overview of the company's share buyback program. Stakeholders can access the URD for free on Getlink's official website and the AMF's site. This filing is part of Getlink's commitment to transparency and regulatory compliance.

Getlink has appointed Jean Pasternak as the new Chief Business Development Officer, joining the Executive Committee and reporting to CEO Yann Leriche. Pasternak brings extensive experience in international development and innovation, previously supporting circular economy start-ups in Asia and Europe since 2017. His career includes roles at Schneider Electric, where he spearheaded strategic initiatives and sustainability services. Getlink aims to leverage his expertise to enhance growth opportunities and develop value-added services for customers.

Eurotunnel has launched a new service called FIRST aimed at enhancing the freight customer experience. This subscription-based service provides priority access to check-in, boarding, and customs facilities, alongside digitized processes for smoother crossings. A customer satisfaction rate exceeding 95% was noted during testing. Eurotunnel anticipates that FIRST subscriptions could account for up to 10% of freight traffic volume in the long term, reinforcing its position in the cross-Channel market.