Breaking News

U.S. Sets Penalty Duties on Steel Pipe From South Korea, Eight Other Nations, to Counter Dumping
Tweet TWEET

GET: Groupe Eurotunnel SA: Groupe Eurotunnel SA: traffic and revenue for 2013

  GET: Groupe Eurotunnel SA: Groupe Eurotunnel SA: traffic and revenue for   2013  UK Regulatory Announcement  PARIS  2013 a record year: strong growth in revenues, +12%^1 to €1.092 billion  ► Channel Tunnel Fixed Link Concession    *Eurotunnel Shuttles: further increase in revenue (+2%)   *High speed trains: 10 million passenger barrier broken   *Freight trains: visible growth  ► Europorte: continuing development; growth in revenue of +16% to €238.5 million  ► MyFerryLink: The essential 3^rd shipping actor of cross-Channel market  Jacques Gounon, Chairman and Chief Executive Officer of Groupe Eurotunnel SA, stated: “Eurotunnel has had a record year and, in spite of the highly competitive market situation, has delivered revenues significantly above one billion euros. For its 20^th Anniversary in 2014, the Group has confirmed its capacity to make the most of the recent economic growth in Europe and particularly in the United Kingdom.”  ^1 All comparisons with 2012 revenues are at a constant exchange rate of £1 = €1.187  ► REVENUES: (FULL YEAR)  In million euros      2013        2012           Change     2012                      un audited  recalculated*  2013/2012  published** Eurotunnel Shuttles    477.0        469.7           +2%         478.1 Railway Network        289.3        280.8           +3%         285.7 Other revenues        12.9        12.7           +2%        12.9 Sub-total Fixed Link  779.2       763.2          +2%        776.7 Europorte             238.5       205.6          +16%       209.5 MyFerryLink           74.3        7.0            -          6.9 Revenue               1,092.0     975.8          +12%       993.1  ► REVENUES: FOURTH QUARTER                       4^th Quarter  4^th Quarter              4^th Quarter In million euros      2013           2012            Change      2012                     un audited    recalculated*  2013/2012  published** Eurotunnel Shuttles   113.3          112.0           1%          112.7 Railway Network       71.8           68.7            +5%         69.3 Other revenues       3.1           3.4            -9%        3.4 Sub-total Fixed      188.2         184.1          +2%        185.4 Link Europorte            66.1          54.5           +21%       55.1 MyFerryLink          19.3          5.1            +277%      5.1 Revenue              273.6         243.7          +12%       245.6  * Average exchange rate for 2013: £1= €1.187  ** Average exchange rate for 2012: £1= €1.23  The consolidated total revenues for the Eurotunnel Group for the year 2013 reached €1.092 billion, an increase of 12% compared to 2012.  A. Fixed Link Concession:  The Tunnel’s inherent advantages of speed, reliability and respect for the environment are clearly popular with customers. The increase in the number of passengers transported is the proof: almost 325 million passengers have travelled through the Channel Tunnel since its opening and over 20 million this year.  ► FIXED LINK TRAFFIC: FULL YEAR                                      2013        2012       Change Truck Shuttles          Trucks      1,362,849   1,464,880  -7% Passenger Shuttles      Cars ¹      2,481,167   2,424,342  +2%                         Coaches     64,507      58,966     +9% High speed trains ²     Passengers  10,132,691  9,911,649  +2% Rail freight trains ^3   Tonnes       1,363,834    1,227,139   +11%                         Trains      2,547       2,325      +10%  ► FIXED LINK TRAFFIC: FOURTH QUARTER                                       4(th) Quarter  4(th) Quarter  Change                                     2013           2012            Truck Shuttles          Trucks       350,214         370,751         -6% Passenger Shuttles       Cars ¹       561,958         555,139         +1%                         Coaches     15,542         14,849         +5% High speed trains ²     Passengers  2,474,486      2,473,364      0% Rail freight trains ^3   Tonnes       356,591         320,445         +11%                         Trains      638            600            +6%  ^1 Includes motorcycles, vehicles with trailers, caravans and camper vans.  ^2 Only passengers travelling through the Channel Tunnel are included in this table, excluding those who travel between Paris-Calais and Brussels-Lille.  ^3 Rail freight services by train operators (DB Schenker on behalf of BRB, the SNCF and its subsidiaries, and Europorte) using the Tunnel.  Eurotunnel Shuttles  Shuttle Services revenues increased by 2% to €477 million in 2013, without any change to commercial policy which sets out to differentiate the quality of service compared to the competition.    *Freight Shuttle Service: following an exceptional year in 2012 with the     London Olympic Games, truck traffic in 2013 has returned to its historic     levels in a highly competitive market. Eurotunnel has shown its underlying     strength, as can be seen in its market share which, at 38.6% for the year,     remained above the average market share recorded before 2012. The Short     Straits cross-Channel truck market has seen real growth (estimated at     4.7%) but remains 5% below its 2007 level.   *Passenger Shuttles: Eurotunnel’s passenger traffic has been strong and has     continued to grow (+2% for cars, +9% for coaches) to reach close to 2.5     million cars in 2013, in a cross-Channel market which has itself increased     by 2.8% over the year. This is a particularly remarkable performance given     that it has been achieved in a year without a major catalyst such as the     Jubilee or the 2012 Olympic Games. Le Shuttle market share remained stable     in 2013.  Coach traffic continued to improve, with an almost 9% growth and a market share which reached 41.6% (+0.5 point). In 2013, coach traffic was strengthened by the launch of the new scheduled services from ID Bus, Megabus of Stagecoach in 2012.  Overall, albeit the financial crisis is not yet over, and competition remains vigorous across the Channel, customer loyalty to the Eurotunnel system is clear. The renovation of terminal facilities and mobile services below the Channel have brought a new era of modernity which, added to the high frequency of Shuttle departures, the short crossing time, the punctuality levels and the minimal impact on the environment continues to attract both leisure passengers and commercial transporters to Eurotunnel.  Railway Network    *High speed trains: For the first time in its history, Eurostar has broken     through the symbolic hurdle of 10 million passengers (+2%). The launch of     new services announced by Eurostar, London-Lyon-Marseille in 2015 and     London-Amsterdam in 2017 are welcome portents for the growth of this     traffic through the Channel Tunnel.   *Cross-Channel rail freight has shown double digit traffic growth in 2013     (number of freight trains increased by 10%), due particularly to the     transport of steel, to the re-launch of intermodal services and to new     services generated through the ETICA (Eurotunnel Incentive for Capacity     Additions) scheme, which provides support for start-ups put in place by     Eurotunnel, using its own resources. Since 2010, the growth in     cross-Channel rail freight has been 21%. In view of the activity     stimulated by ETICA, Eurotunnel is now considering extending the scheme     whilst continuing to seek solutions to the many barriers external to the     Channel Tunnel. The Groupe is convinced that there is an important future     for these pan European traffic flows.  B. Rail freight operators: Europorte and its subsidiaries  Europorte is fulfilling its role as a vector for growth and recorded a substantial increase in its revenues (+16%) due to new contracts and the increase in its traffic for existing customers. The British and French rail freight subsidiaries are positioned as the third largest operators in each country and the first private operator in a sector which is becoming more and more similar to infrastructure management.  The vitality of GBRf, the third largest UK based rail freight operator, continues. GBRf signed a contract with Sibelco Europe to provide freight services to transport silica sand. The sand is carried on two trains per day from the Sibelco quarry near Kings Lynn, Norfolk, to the Guardian Industries plant at Yoole, Yorkshire, and to the Ardagh glass manufacturing sites at Barnsley and Doncaster. This contract strengthens GBRf’s position in the aggregates business.  C. MyFerryLink  TRAFFIC MYFERRYLINK: FULL YEAR          2013     2012 ¹ Trucks   326,274  11,417 Cars ²   316,811  45,908 Coaches  721      11  ► TRAFIC MYFERRYLINK: FOURTH QUARTER          4^th Quarter 2013  4^th Quarter 2012 ¹ Trucks   91,110             9,760 Cars ²   61,680             36,369 Coaches  113                8  ^1 MyFerryLink began commercial operations on 20 August 2012.  ^2 Includes motorcycles, vehicles with trailers, caravans and camper vans.  Following the administration of SeaFrance at the start of 2012, Eurotunnel purchased three ships and, as ship owner, leased these ships to an independent company, the SCOP SeaFrance. The new activity, which started on 20 August 2012, saw revenues increase from €7 million in 2012 to €74 million in 2013 as a result of a service that attracted both freight transporters and car passengers. The addition of MyFerryLink services has also brought an increase in the choice of services available to cross the Channel, a great benefit for consumers. Even though approved by the French competition authorities, MyFerryLink is the object of an investigation by the British Competition Commission which should announce its decision as to whether the Group bought assets or, on the contrary took over SeaFrance, the company, after it was put into administration, at the end of April.  Eurotunnel Press: For UK media enquiries contact John Keefe on + 44 (0) 1303 284491 Email: press@eurotunnel.com or For investor enquiries contact Michael Schuller on +44 (0) 1303 288749 Email: Michael.schuller@eurotunnel.com  Contact:  Groupe Eurotunnel SA