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Getlink: Oddo BHF hails 2018 sales that exceed expectations

( - An analyst at Oddo BHF today maintains his buy rating on the Getlink stock, after the group published FY 2018 revenues (1,079.
4 million euros; +5%) that are slightly higher than the broker's expectations.

In detail, we expect FY concession revenues that are up 5% at 958.4 million euros, driven by the dynamic growth of Shuttles +6%. (...) Beyond Shuttles, revenues of Railways rose by 5%, with an increase in Eurostar traffic (+7%) benefiting from the new London-to-Amsterdam service. Europorte's revenues increased by 2%, which in line with our expectations, Oddo BHF explains.

Note that alongside his rating, the analyst has a "cautious" target price of 11.90 euros (vs. 12.46 euros at 3.30 pm today).

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