Groupe Eurotunnel SA : Eurotunnel 2009 traffic and revenue figures
(Thomson Reuters ONE) - GET 2010/0320 January 2010For release at 07:45 UK time Eurotunnel 2009 traffic and revenue figures * 2009 revenues only 16% lower at EUR571.1 million at a constant exchange rate and excluding insurance indemnities, against the backdrop of the economic crisis and operations affected by the fire in September 2008 * Eurotunnel Shuttles: growth in fourth quarter revenues (+10%) * Railways: * Eurostar: further increase in passenger numbers to more than 9.2 million for the year, despite the disruptions due to bad weather at the end of the year * Rail freight: reversal in the second half of the year of the downward trend * The French rail subsidiaries of Veolia Cargo acquired on 30 November 2009[1] have not been consolidated[1] These subsidiaries are the following: Europorte France, Europorte Link,Europorte Proximit?nd Socorail. Together with Europorte Channel, these foursubsidiaries make up Europorte.Jacques Gounon, Chairman and Chief Executive of Groupe Eurotunnel SA, stated,"Despite the difficult economic conditions, Eurotunnel's activities are showingpositive signs. The fourth quarter proves that we are on the right path toregain market share and demonstrates customer confidence in our performance. Theadvantages of Eurotunnel's transport system - its reliability in all weather,its speed and its respect for the environment - have enabled the Group'sperformance to hold up in the context of the economic crisis and put us in agood position as recovery kicks in".? 2009 REVENUES (full year)The revenue figures are published using an average exchange rate for each year.In order to enable a direct comparison between one year and the next, the 2008revenues have been recalculated at the average exchange rate for 2009.+---------------------+----------+-------------+-------------------+-----------+| | | | variance | || | 2009 | 2008 | at constant | 2008 ||In million euros |un audited|recalculated*| exchange rate |published**|| | | | | |+---------------------+----------+-------------+-------------------+-----------+|Eurotunnel Shuttles | 311.4 | 416.2 | -25% | 431.3 || | | | | ||Railways | | | | ||(Eurostar and rail | 250.1 | 249.7 | 0% | 259.3 ||freight trains) | | | | || | | | | ||Other revenues | 9.6 | 12.9 | -25% | 13.3 |+---------------------+----------+-------------+-------------------+-----------+|Revenues | 571.1 | 678.8 | -16% | 703.9 |+---------------------+----------+-------------+-------------------+-----------+* Average exchange rate for 2009: £1=EUR1.119** Average exchange rate for 2008: £1=EUR1.216? REVENUE FOR THE FOURTH QUARTER 2009+---------------+------------+------------------+-------------+----------------+|In million |4th quarter | | variance | ||euros | 2009 |4th quarter 2008 | at constant |4th quarter 2008|| | un audited | recalculated* |exchange rate| published** |+---------------+------------+------------------+-------------+----------------+|Eurotunnel | | | | ||Shuttles | 76.7 | 70.0 | +10% | 66.4 || | | | | ||Railways | | | | ||(Eurostar and | | | +4% | ||rail freight | | | | ||trains) | 63.7 | 61.1 | | 59.9 || | | | | ||Other revenues | 2.2 | 2.7 | -19% | 2.6 |+---------------+------------+------------------+-------------+----------------+|Revenues | 142.6 | 133.8 | +7% | 128.9 |+---------------+------------+------------------+-------------+----------------+* Average exchange rate for 2009: £1=EUR1.119** Average exchange rate for 2008: £1=EUR1.216Total consolidated revenues for Eurotunnel in 2009 amounted to EUR571.1 millionnot including insurance indemnities, a reduction of 16% compared to 2008 basedon a constant exchange rate of £1=EUR1.119, the average rate for 2009. The end ofthe year shows the beginning of an improvement in activity, but this is comparedto a period in 2008 that was heavily impacted by the fire.Revenues from the Railways were stable for 2009 as a whole, but grew by 4% at aconstant exchange rate in the fourth quarter, and did so despite the severedisruptions to the service due to bad weather at the end of the year.Revenues in 2009 were affected by the reduction in Shuttle capacity at the startof the year resulting from the fire in September 2008 and the consequent nonrenewal of annual contracts by a certain number of transporters at the end of2008. The second half of 2009, however, shows a satisfying recovery. Trucktraffic grew by 17% compared to the preceding half year. The attention broughtto rail activity and a Shuttle Services commercial strategy focused on highcontribution customers have enabled an increase in revenues of 7%, at a constantexchange rate, during the fourth quarter of 2009.Insurance indemnities for operating lossesAdvances totalling EUR36 million were paid by the insurers during the first halfof 2009 in respect of the Eurotunnel Group's operating losses resulting from thefire. The advances, which the Eurotunnel Group was expecting to receive duringthe second half of the year, were suspended due to the fact that the Railwayshave claimed compensation from the Eurotunnel Group's insurers in respect oftheir own operating losses resulting from the fire (see note 1.6 to thehalf-yearly summary consolidated accounts). The Group is currently indiscussions with its insurers with a view to agreeing the final amount of itsoperating losses as at 31 December 2009.? TRAFFIC 2009 (full year)+-------------------------------------+-----------+-----------+--------+| | 2009 | 2008 | Change || | | | |+------------------------+------------+-----------+-----------+--------+| Truck Shuttles | Trucks | 769,261 | 1,254,282 | - 39% |+------------------------+------------+-----------+-----------+--------+| | Cars[1] | 1,916,647 | 1,907,484 | 0% || Passenger Shuttles | | | | || | Coaches | 54,547 | 55,751 | -2% |+------------------------+------------+-----------+-----------+--------+| Eurostar[2] | Passengers | 9,220,233 | 9,113,371 | +1% |+------------------------+------------+-----------+-----------+--------+| | Tonnes | 1,181,089 | 1,239,445 | - 5 % || Rail freight trains[3] | | | | || | Trains | 2,403 | 2,718 | -12% |+------------------------+------------+-----------+-----------+--------+[1] Includes motorcycles, vehicles with trailers, caravans and camper vans.[2] Only passengers travelling through the Channel Tunnel are included in thistable, excluding those who travel between Paris-Calais and Brussels-Lille.[3] Railway freight operators using the Tunnel are SNCF, DB Schenker andEuroporte 2.? TRAFFIC FOR THE FOURTH QUARTER 2009+---------------------------------+----------------+----------------+------+| |4th quarter 2009|4th quarter 2008|Change|| | | | |+----------------------+----------+----------------+----------------+------+|Truck Shuttles |Trucks | 225,777 | 200,805 | +12% |+----------------------+----------+----------------+----------------+------+| |Cars[1] | 478,117 | 333,884 | +43% ||Passenger Shuttles | | | | || |Coaches | 12,699 | 8,736 | +45% |+----------------------+----------+----------------+----------------+------+|Eurostar[2] |Passengers| 2,281,700 | 2,109,893 | +8% |+----------------------+----------+----------------+----------------+------+| |Tonnes | 308,686 | 285,981 | +8% ||Rail freight trains[3]| | | | || |Trains | 631 | 621 | +2% |+----------------------+----------+----------------+----------------+------+[1] Includes motorcycles, vehicles with trailers, caravans and camper vans.[2] Only passengers travelling through the Channel Tunnel are included in thistable, excluding those who travel between Paris-Calais and Brussels-Lille.[3] Railway freight operators using the Tunnel are SNCF, DB Schenker andEuroporte 2.Eurotunnel Shuttles * Truck Shuttles: Traffic was doubly impacted during the year by the consequences of the fire in September 2008 and by the reduction in economic activity, but traffic increased in the fourth quarter compared to the same period in 2008 (+12%). * Passengers Shuttles: Full year car traffic increased slightly (+0.5%), the decrease seen over the first half having been compensated by strong growth in the second six months. The fourth quarter of 2009 saw Eurotunnel regain market share for cross-Channel traffic.Coach traffic declined slightly over the year (-2%).Overall, even though the fourth quarter is compared to a low base, affected bythe fire in September 2008, the growth of activity in the fourth quarter ismarked, demonstrating the return of customers attracted by the high frequency ofShuttle departures and their punctuality. The reduced waiting time associatedwith crossing the Channel via the Tunnel is a major competitive advantage -particularly for trucks - and contributes to the recovery in market share.Railways * Eurostar: The strong growth seen in the third quarter continued into the fourth, despite the total suspension of this service for three days following the breakdown of five Eurostar trains on the night of 18 December and a very progressive restart of services (on average only 86% of services ran until the end of the year). * Rail freight trains: The increase in the number of trains in the second half year (+2.4%) kept the reduction in traffic to 12% for the year, in a sector which has seen its market collapse. Tonnage transported also increased in the fourth quarter of 2009 (+8%). The re-launch of freight initiated by the French government and Eurotunnel initiatives should create the conditions for the renewal of growth in this sector.? ARBITRATION IN EUROTUNNEL'S FAVOUREurotunnel has received EUR8 million in compensation from the British government.In 2003, Eurotunnel brought a case before the International Tribunal forArbitration against France and Great Britain, on the basis that intrusions byillegal immigrants from the centre at Sangatte had disrupted its activitiesbetween 2000 and 2002. In a ruling on 30 January 2007, published on 23 February2007, the Tribunal recognised Eurotunnel's right to compensation. The Group andthe French government reached an agreement in April 2008 for an amount of EUR24million to be paid to Eurotunnel, which was accounted for in 2008.In 2009, the British government signed an agreement with Eurotunnel to pay EUR8million, bringing the total compensation to EUR32 million.For media enquiries contact the press office on +44 (0) 1303 284491Email: press(at)eurotunnel.com
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 20.01.2010 - 02:46 Uhr
Sprache: Deutsch
News-ID 1009097
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Paris
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 100 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Groupe Eurotunnel SA : Eurotunnel 2009 traffic and revenue figures
"
steht unter der journalistisch-redaktionellen Verantwortung von
Groupe Eurotunnel SA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
