Eurotunnel posted a rise in revenue and profits for the year ending December 31 2015 - and is making a 29 million euros (£22.5m) compensation claim for disruption and damage caused by migrants last year.
At 1.22 billion euros (£949m), revenues were up 5% on 2014’s figures, while Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose by three million euros to 542 million euros (£422m). Operating profits were up 2% to 387 million euros (£301m), and net results were profits of 100 million euros (£78m), compared with 2014’s total of 74 million euros.
On its compensation claim, Eurotunnel said: “The security of the Fixed Link being the responsibility of the two governments, a claim for 29 million euros has been made via the Intergovernmental Commission to compensate essentially the revenue losses due to migrant pressure.”
- For more on this story, see RAIL 795 on sale March 2