Getlink SE reports all-time high revenue of €1.829 billion in 2023

PARIS, FRANCE: Getlink SE Group, the European leader in transport infrastructure, announced its consolidated revenue for 2023, reaching an all-time high of €1.829 billion. This represents a 15% increase from 2022, and reflects the remarkable performance of the Group’s businesses.

The Group reiterates its confidence in its ability to exceed EBITDA of €910 million in 2023, and reaffirms its ambition to be a leader in sustainable mobility and energy transition.

One of the main drivers of this growth was the full-year contribution of ElecLink, the electricity interconnector between France and the UK, which was commissioned in May 2022. ElecLink generated €558 million in revenue in 2023, up 33% from 2022, as it continued to benefit from a strong demand for electricity in both markets.

Another key factor was the solid level of activity of the Eurotunnel and Europorte entities, which operate the Channel Tunnel and provide rail freight services, respectively. Eurotunnel’s revenue rose by 8% to €1.121 billion in 2023, driven by growth in revenue from the Railway Network, which increased by 26% to €369 million. Eurostar traffic was up 29% on the 2022 level, as more passengers chose the high-speed train service over other modes of transport. Shuttle revenue was stable at €726 million, despite a decline in Truck Shuttle traffic due to the economic environment in the UK and the competition from ferry companies. Europorte’s revenue was up 9% to €150 million in 2023, demonstrating the impact of operational service quality on the rail freight market.

Yann Leriche, the Group’s Chief Executive Officer, said: “Getlink has generated record revenue in 2023 thanks to the implementation of its strategic plan to offer attractive, simple and low-carbon services to its customers across all its activities. The ElecLink electricity interconnector has provided a good quality of service in a buoyant electricity market. Eurotunnel and Europorte have improved their operational and commercial performance and seized development opportunities in their different market segments”.

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