STOCK TITAN

Getlink: Eurotunnel Traffic Boosted by Queen’s Jubilee

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Getlink reported record traffic volumes during the Queen's Platinum Jubilee holidays, with over 57,000 passenger vehicles crossing the Channel, facilitating around 180,000 travelers. The company's Flexiplus service saw a substantial increase in popularity, more than doubling since 2019. The reopening of Duty Free shops in Folkestone and Coquelles has further enhanced customer experience, offering a wide range of products at competitive prices. Eurotunnel's Chief Commercial Officer expressed satisfaction with the customer turnout and staff performance, reinforcing its leadership in the cross-Channel market.

Positive
  • Record traffic levels with 57,000 passenger vehicles during the Jubilee holidays.
  • Flexiplus service usage has more than doubled since 2019.
  • Reopening of Duty Free shops enhances retail experience with competitive pricing.
Negative
  • None.

PARIS--(BUSINESS WIRE)-- Regulatory News:

Getlink (Paris:GET):

Eurotunnel recorded record traffic volumes for the half term and the Queen’s Platinum Jubilee holidays1.

Between Monday 30 May and Sunday 5 June, more than 57,000 passenger vehicles2 crossed the Channel on Passenger Shuttles, enabling approximately 180,000 people to reach their holiday destination or to take part in the festivities organised for the Jubilee, against a background of generally increasing traffic. The Flexiplus service was highly favoured over the period, with a take up which has more than doubled since a comparable period in 2019.

Passengers who travelled through our terminals were also able to benefit from Duty Free sales which have re-started in the Victor Hugo (Folkestone) and Charles Dickens (Coquelles) terminal buildings following the UK leaving the European Union. These two shops, with a retail surface of 600m2 in Folkestone and 800m2 in Coquelles offer a retail experience to match airports, with more than 3,200 of our British customers’ favourite products ranging from French gastronomy to luxury perfumes, and from international brands to local produce, at prices up to 50% lower than UK high streets.

Deborah Merrens, Eurotunnel Chief Commercial Officer, stated “We are thrilled to see customers returning in such numbers and choosing our service. Our staff once again showed their unfailing commitment, adding further strength to Le Shuttle’s position as cross-Channel market leader”.

1 Since the summer of 2020
2 Includes cars, motorcycles, vehicles with trailers, caravans, campervans and coaches

Getlink Contacts:

For UK media enquiries contact

John Keefe on + 44 (0) 1303 284491

Email: press@getlinkgroup.com

For other media enquiries contact

Romain Dufour on +33(0)1 4098 0464

For investor enquiries contact:

Jean-Baptiste Roussille on +33 (0)1 40 98 04 81

Email: jean-baptiste.roussille@getlinkgroup.com

Michael Schuller on +44 (0) 1303 288749

Email: Michael.schuller@getlinkgroup.com

Source: Getlink S.E.

FAQ

What were the traffic volumes recorded by Getlink during the Jubilee holidays?

Getlink recorded over 57,000 passenger vehicles crossing the Channel, facilitating approximately 180,000 travelers.

How has the Flexiplus service performed compared to previous years?

The Flexiplus service usage has more than doubled since a comparable period in 2019.

What improvements have been made in Duty Free sales for Getlink?

Duty Free sales have restarted in Folkestone and Coquelles, offering products at prices up to 50% lower than UK high streets.

Who commented on the recent performance of Eurotunnel services?

Deborah Merrens, Chief Commercial Officer of Eurotunnel, expressed satisfaction with the customer turnout and staff commitment.

GETLINK SE UNSP/ADR

OTC:GRPTY

GRPTY Rankings

GRPTY Latest News

GRPTY Stock Data

12.20B
302.32M
Railroads
Industrials
Link
United States of America
Paris