Getlink: H1 net income up 5%
(CercleFinance.com) - Getlink, the infrastructure group that operates the Channel Tunnel, has posted H1 2019 net income that is up 5% at 41 million euros, while EBITDA slipped 2% to 255 million euros.
Revenues came in at 523 million euros, up 2% (despite the estimated negative impact of 10 million euros resulting from the strike of French customs personnel between 4 March and 15 May), including 1% growth for Eurotunnel and 10% for Europorte.
As there could be no agreement for Brexit on 31 October, Getlink has set itself a benchmark target for 2019 EBITDA of 560 million euros. It also aims to pay a 2019 dividend of 41 cents per share.
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Revenues came in at 523 million euros, up 2% (despite the estimated negative impact of 10 million euros resulting from the strike of French customs personnel between 4 March and 15 May), including 1% growth for Eurotunnel and 10% for Europorte.
As there could be no agreement for Brexit on 31 October, Getlink has set itself a benchmark target for 2019 EBITDA of 560 million euros. It also aims to pay a 2019 dividend of 41 cents per share.
Copyright (c) 2019 CercleFinance.com. All rights reserved.