Previous Close | 30.00 |
Open | 29.06 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 37.20 - 37.20 |
52 Week Range | 29.00 - 37.20 |
Volume | |
Avg. Volume | 0 |
Market Cap | 12.2B |
Beta (5Y Monthly) | 0.91 |
PE Ratio (TTM) | 26.01 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 1.07 (3.68%) |
Ex-Dividend Date | May 29, 2024 |
1y Target Est | N/A |
New European Union border rules threaten to create chaos for Britons headed across the Channel this autumn, and a headache for Rishi Sunak over the timing of the general election.
(Reuters) -Getlink, which runs the undersea tunnel between France and Britain, on Thursday forecast a drop in core earnings this year as a return to more normal conditions in energy markets ends an unusual boost for its ElecLink business. Getlink said it expected earnings before interest, taxes, depreciation, and amortization (EBITDA) of 780-830 million euros ($846-$901 million) this year, after 910 million euros in 2023. Getlink Chief Executive Officer Yann Leriche told reporters on a call.
Truck traffic on LeShuttle freight in the period fell by 13%, dragged down by a sluggish UK economy and growing competition from ferry companies "deviating from the social models applicable in British and French domestic shipping," the group said in a statement. Its ElecLink power line, an underwater cable that links Britain's and France's grids, saw its quarterly revenue fall 53% to 132 million euros, an expected impact of narrowing of electricity price differentials between the two countries, the group said. The full-year contributions of the ElecLink, Eurotunnel and Europorte businesses was also behind the 14% rise in 2023 group revenue which came in at 1.829 billion euros.