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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. |
02/04/2025 12:45
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