At approximately 04:00 this morning, Eurotunnel welcomed the 25 millionth truck to use its Le Shuttle Freight service. The service began on July 25th, 1994.
Eurotunnel has seen revenue increase by four per cent, to €1.023 billion, for financial 2016. At the same time, EBITDA increased to €514 million, while net consolidated profit increased strongly to €200 million.
With more than 139,200 trucks transported during the month of April 2016, the Eurotunnel Freight Shuttle service carried its highest April traffic since the start of commercial operations in 1994. This is the sixth month in a row that a record has been set and the month of April 2016 was also the third best month ever for the Le Shuttle Freight traffic, behind March 2016 and March 2015.
Less than a week after Le Shuttle Freight carried the 23 millionth truck through the Channel Tunnel since commercial services started, Eurotunnel has hit a new all-time record, beating the previous high set in 2012, the year of the London Olympic Games. Buoyed by the new truck terminal security put in place in October 2015, Eurotunnel’s Le Shuttle Freight service has had a record year in 2015, carrying more than 1,464,880 trucks in both directions between Folkestone (Kent) and Coquelles (Pas-de-Calais).
Groupe Eurotunnel has lost its case at the UK Supreme Court after the competition watchdog banned the Paris-based company’s proposed cross-channel ferry service. The court reinstated the Competition & Markets Authority’s 2013 ban on Eurotunnel operating ferries between Dover in England and France.
The Competition & Markets Authority has provisionally confirmed an earlier decision by the Competition Commission that Eurotunnel should be barred from operating a ferry service from Dover. This follows a review of whether circumstances had changed enough in the market for it to alter its original decision.
The European Commission has sent a formal request to France and the United Kingdom to comply with EU rules against excessive track access charges for passenger and freight trains in the Channel Tunnel. The Commission has also asked them to ensure a fully independent regulator and to end an agreement which currently reserves capacity for certain train operators in a restrictive way.
Celebrations for the Diamond Jubilee and the Olympic Games have boosted Eurotunnel to its best ever financial position. Fourth quarter revenue at Eurotunnel grew by 12 per cent year-on-year to €246 million, taking its total for 2012 to €993 million, 14 per cent higher than in 2011.
Eurotunnel celebrates the arrival of the 300 millionth person to travel through the Channel Tunnel since the start of commercial services in June 1994, the equivalent to almost five times the population of the United Kingdom.
Given that the Technical Specifications for Interoperability (TSI) STIs) have applied since early 2012 to freight trains travelling through the Channel Tunnel, the Eurotunnel Group and Alstom held tests during the night of September 29th to 30th with Alstom’s new generation of Prima II locomotives in order to validate its compatibility with Channel Tunnel systems and security standards.
With continuing high traffic levels throughout the summer, Eurotunnel has maintained the excellent quality of service, which it offered to its customers during the Olympics, through the period of the Paralympic Games in London as well.
Following the retirement of Claude Lienard, Deputy Chief Executive officer responsible for Corporate Services, Emmanuel Moulin will take over this role.