Eurotunnel Group 2016 annual profits up

Eurotunnel, operator of the Channel Tunnel, increased its pre-tax profits by €74 million (£63m) last year with revenues increased by 4% to over £1 billion (€871).

Jacques Gounon, Chairman and Chief Executive Officer of Groupe Eurotunnel SE said: “2016 was the best year in our history. Our three core businesses each outperformed their sector: the Fixed Link is a unique asset in the infrastructure world, ElecLink has entered its construction phase and Europorte is the most efficient company in its sector. Our outlook is very good and we are announcing new improved objectives for 2017 and 2018.”

In 2016, Eurotunnel’s Shuttles transported 2.66 million passenger vehicles and 1.64 million trucks, a strong growth.

Le Shuttle achieved a car market share of 55% for 2016.  Pet Travel, which is a factor of customer loyalty, also saw a record year, with 301,159 domestic pets transported (up 16% compared to 2015).

Le Shuttle Freight ended the year with a new all-time record of 1,641,638 trucks transported and outperformed the market with a share of 39.2%.

The securing of the Coquelles terminal since October 2015 and close cooperation with the law enforcement authorities has prevented any disruption to traffic. Eurostar carried more than 10 million passengers in 2016, despite the context. The increase in traffic towards the end of the year and the coming launch of services between London and Amsterdam at the end of 2017 are further indicators of growth in traffic.

Read our Eurotunnel Success Story