Getlink: FY 2024 profit down 5% at E317m
(CercleFinance.com) - In 2024 Getlink's consolidated sales reached E1,614m, down 12% from 2023.
This decline is linked to the expected normalisation of electricity markets and the suspension of ElecLink's activity between 25 September 2024 and 5 February 2025.
Eurotunnel (+3%) and Europorte (+12%) both posted sales growth.
Consolidated EBITDA for 2024 was E833m, down 16% due to the lower contribution from ElecLink (-57%), while Eurotunnel's EBITDA is up 8% and Europorte's up 10%.
The group's 2024 consolidated net income reached E317m, down 5% on 2023.
Operating cash flow reached E865m in 2024, compared with E1,036m in 2023.
Getlink targets 2025 consolidated EBITDA of E780m to E830m.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
This decline is linked to the expected normalisation of electricity markets and the suspension of ElecLink's activity between 25 September 2024 and 5 February 2025.
Eurotunnel (+3%) and Europorte (+12%) both posted sales growth.
Consolidated EBITDA for 2024 was E833m, down 16% due to the lower contribution from ElecLink (-57%), while Eurotunnel's EBITDA is up 8% and Europorte's up 10%.
The group's 2024 consolidated net income reached E317m, down 5% on 2023.
Operating cash flow reached E865m in 2024, compared with E1,036m in 2023.
Getlink targets 2025 consolidated EBITDA of E780m to E830m.
Copyright (c) 2025 CercleFinance.com. All rights reserved.