Eurotunnel Group reported total revenue in the first quarter of 2012 reached €222.5m, an increase of 21% compared to 2011.
Revenues for the Fixed Link segment increased sharply in the first quarter of 2012, led by the Shuttle business and revenues from the railway network.
Revenues from the core business, the transport of trucks and passenger vehicles by Shuttles, reached €101.7m, an increase of 21% compared to the same period in the previous year at a constant exchange rate.
Revenues generated by the usage of the railway network reached €67.5 million, an increase of 10% for the first quarter of 2012. Other revenues increased by 18% to €2.3m.
Shuttle traffic increased significantly in all areas compared to the first quarter in 2011, particularly for the Truck Shuttles which are all the more competitive in the current state of the cross- Channel market. During the quarter, Eurotunnel benefitted from the transfer of some traffic from SeaFrance which ceased operations in November 2011, but proportionally less than the other cross-Channel operators who put significant extra capacity into service.
Jacques Gounon, Chairman and Chief Executive Officer of Groupe Eurotunnel SA, said: “In an active market, the Eurotunnel Group has made significant progress in all areas of the business. Attention to customer needs, transparent pricing and protection of the environment are the three pillars of our service offer which is proving to be increasingly attractive, especially as we approach the London 2012 Olympic Games.”
For more information on Eurotunnel visit www.eurotunnel.com or ring 08443 353535.
