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Getlink and CAT Group have launched a new cross-Channel rail freight service, transporting Toyota vehicles between Toton (UK) and Kolin (CZ) via Onnaing (FR) for six years. This service is expected to increase annual cross-Channel freight by 15% compared to 2021, facilitating the shift of over 8,500 trucks to rail, thereby reducing CO2 emissions by more than 8,000 tonnes. Up to 70,000 cars per year will be transported with six weekly departures, reinforcing the modal shift advocated by both British and French governments.
Getlink reported consolidated revenues of €774 million for 2021, marking a 6% decline compared to the previous year. EBITDA also fell by 11% to €297 million. Despite these challenges, the company achieved a positive free cash flow of €21 million and increased its net available cash to €718 million, up 14%. Looking forward, Getlink aims to bolster performance in 2022, particularly with the upcoming launch of ElecLink. The company announced a planned dividend of €0.10 per share, pending shareholder approval.
Getlink has secured approval from the Intergovernmental Commission (IGC) for its safety management system, ensuring the ElecLink interconnector's compatibility with the railway system. This follows successful electrification tests conducted with Siemens and Eurailtest. The ElecLink project, recognized by the European Commission, will provide a 1 GW exchange capacity between France and the UK, equivalent to powering 1.65 million households. Getlink anticipates launching the interconnector by mid-2022, enhancing energy supply balance and supporting the energy transition in Europe.
The easing of travel restrictions in the UK and France has led to a surge in British travelers utilizing the Channel Tunnel. Between February 11-13, nearly 17,000 cars were transported, with Flexiplus achieving its best performance since the pandemic began, recording 1,551 crossings on February 11. This reflects a strong demand for travel during the winter holidays. Eurotunnel provided a seamless experience for approximately 50,000 passengers, supported by services like the Passenger Wallet for digital pre-check-in.
Getlink reported 2021 revenue of €774.4 million, a 6% decline from 2020. Eurotunnel's revenue fell by 9% to €644.2 million due to COVID-19 impacts, with shuttle revenue down 10% to €476.6 million. Europorte, however, saw a 6% increase in revenue to €130.2 million. Despite challenges, passenger market share reached a high, and the company successfully issued €150 million in green bonds. Key metrics included a 35% traffic decline for Eurostar and significant performance improvements in the fourth quarter, with Eurotunnel revenues up 16% compared to the previous year.
Getlink SE provides an update on its ordinary shares and voting rights as of
Getlink has been ranked as one of the top sixty most principled companies in France for the second consecutive year by Le Point and Statista, achieving second place in transport and logistics. The ranking, based on 27 ESG criteria and a survey of 5,000 people, highlights Getlink's commitment to sustainability through its 2019-2025 Environmental strategic plan and social initiatives outlined in its WAY forward plan. CEO Yann Leriche emphasized the company’s role in low carbon transport and its ongoing efforts to enhance societal impact.
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