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Groupe Eurotunnel SE (GETP.PA)

GETP.PA on Paris Stock Exchange

9.63EUR
23 Jun 2017
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Latest Key Developments (Source: Significant Developments)

Eurotunnel's MyFerryLink sells two ferries
Friday, 23 Jun 2017 11:45am EDT 

June 23 (Reuters) - Eurotunnel ::GROUPE EUROTUNNEL SE MYFERRYLINK: GROUPE EUROTUNNEL ANNOUNCES THE SALE OF ITS FERRIES.MYFERRYLINK BUSINESS HAS SOLD ITS TWO SHIPS BERLIOZ (NOW CÔTE DES FLANDRES) AND RODIN (NOW CÔTE DES DUNES) TO DFDS A/S ON TERMS AGREED IN PUT OPTION GRANTED BY DFDS A/S IN JUNE 2015.  Full Article

Eurotunnel April 2017 passenger shuttle traffic increase by 17 pct yoy
Friday, 12 May 2017 02:00am EDT 

May 12 (Reuters) - Eurotunnel ::REG-GROUPE EUROTUNNEL SE GROUPE EUROTUNNEL: SHUTTLE TRAFFIC FOR APRIL 2017.TRUCK SHUTTLES TRAFFIC 130,261 FOR APRIL 2017.PASSENGER SHUTTLES TRAFFIC 244,032 FOR APRIL 2017.APRIL 2017 PASSENGER SHUTTLE TRAFFIC INCREASED BY 17% COMPARED TO APRIL 2016.IN APRIL 2017, LE SHUTTLE FREIGHT TRANSPORTED MORE THAN 130,000 TRUCKS, A DECREASE OF 6% COMPARED TO APRIL 2016.  Full Article

Groupe Eurotunnel launches the refinancing of its floating rate debt
Tuesday, 9 May 2017 01:58am EDT 

May 9 (Reuters) - Eurotunnel : :GROUPE EUROTUNNEL LAUNCHES THE REFINANCING OF ITS FLOATING RATE DEBT.WILL REFINANCE CURRENT TRANCHE C DEBT BY THREE TRANCHES OF FIXED RATE DEBT WITH EXPECTED MATURITIES OF 5 AND 10 YEARS (FOR EUR 953 MILLION IN AGGREGATE) AND OF 12 YEARS (FOR £350 MILLION).THREE TRANCHES OF FIXED RATE DEBT WILL REVERT TO FLOATING UNTIL THEIR FINAL MATURITY IN 2050.WILL ALSO REQUIRE PARTIAL UNWIND OF INTEREST RATE SWAPS PUT IN PLACE IN 2007, COST OF WHICH WILL BE FUNDED BY NEW 33-YEAR FIXED RATE DEBT IN STERLING AND EUROS.AMOUNT OF CONSOLIDATED NEW TRANCHE C DEBT IS EXPECTED TO BE CLOSE TO EUR 2 BILLION..FINAL PRICING IS EXPECTED TO TAKE PLACE WITHIN TWO WEEKS.EXPECTS THAT OPERATION WILL RESULT IN VERY SIGNIFICANT REDUCTION IN AVERAGE COST OF ITS DEBT FOR AT LEAST NEXT FIVE YEARS, TRANCHE C HAVING AN EFFECTIVE INTEREST RATE OF 8.39%..  Full Article

Eurotunnel Q1 revenue rises to 231.8 million euros
Thursday, 20 Apr 2017 01:47am EDT 

April 20 (Reuters) - Eurotunnel ::Q1 revenue 231.8 million euros ($248.65 million), up by 1 percent.Reaffirms its confidence in ability to carry out 2020 strategic plan.  Full Article

Eurotunnel to install a one Gigawatt direct current interconnector
Thursday, 23 Feb 2017 11:45am EST 

Eurotunnel : Announces major new project to install a one Gigawatt (1000 MW) direct current interconnector linking the electricity markets of Britain and France via the channel tunnel .Investment in the construction estimated at approximately 580 million euros ($613.70 million).  Full Article

Eurotunnel 2016 traffic figures rise compared to 2015
Tuesday, 10 Jan 2017 02:00am EST 

Eurotunnel : For the full year 2016, Truck Shuttle traffic increased by 11% compared to 2015, with an all-time record of 1,641,638 vehicles transported . For the fourteenth consecutive month, December 2016 saw record-breaking monthly Truck Shuttle traffic compared to the corresponding period in previous years . For the full year 2016, Passenger Shuttle traffic increased by +2% compared to 2015, with 2,663,865 vehicles transported . In December 2016, the traffic increased by +6% compared to the month of December 2015 confirming the upward trend observed over the last three months Further company coverage: [GETP.PA] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Eurotunnel completes sale of GB RAILFREIGHT
Tuesday, 15 Nov 2016 12:23pm EST 

Groupe Eurotunnel SE : Completes the sale of GB Railfreight . Revenues for GB railfreight in 2016 are expected to reach approximately 125 million pounds ($155.2 million) .The amount of the transaction in enterprise value terms is approximately 180 million euros ($193.0 million).  Full Article

Eurotunnel lowers 2016 and 2017 EBITDA guidance
Wednesday, 20 Jul 2016 01:30am EDT 

Eurotunnel : H1 revenue 582‍​ million euros, up 2 percent . H1 EBITDA 249‍​ million euros, up 4 percent . H1 net profit (excluding MyFerryLink) up at 38 million euros . H1 fixed link traffic: truck shuttles 829,606, up 10 percent . H1 fixed link traffic: passenger shuttles (cars) flat at 1,162,740 . Says difficult to predict the effect of Brexit on the macro economic and political environment and therefore on cross-Channel transport and the group’s activities . 2016 EBITDA objective (excluding MyFerryLink) is now 535 million euros at average exchange rate H1, down from 560 million euros at average exchange rate 2015 . 2017 EBITDA objective (excluding MyFerryLink) is now 579 million euros, down from 605 million euros . Free cash-flow from continuing activities remains stable at 71 million euros for H1 2016, compared to 73 million euros a year ago . H1 fixed link traffic: high speed passenger trains (Eurostar) 4,971,080 passengers, down 3 percent .Says group does not expect any significant impact on its activities in the short term and currently activity remains buoyant.  Full Article

Eurotunnel continues to see increasing truck and passenger vehicle traffic
Friday, 8 Jul 2016 06:50am EDT 

Eurotunnel : Continues to see increasing truck and passenger vehicle traffic, with 141 peak days forecast over the coming 6 months . Forecasts growth in truck volumes from 1.5 million trucks pa in 2015 to about 2.0 trucks pa in 2020, with a total cross-channel market of c5.0 million trucks at that date Further company coverage: [GETP.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)).  Full Article

Eurotunnel to acquire 100 pct of Eleclink from Star Capital
Friday, 20 May 2016 12:00pm EDT 

Eurotunnel : Groupe Eurotunnel to acquire 100 pct of Eleclink from Star Capital . Groupe Eurotunnel and Star Capital have signed a conditional agreement for purchase by Groupe Eurotunnel of Star Capital`s 51 pct share of Eleclink .Once concluded, Groupe Eurotunnel would hold 100 pct of Eleclink.  Full Article

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Eurotunnel hopes investors get onboard with refi

LONDON, May 9 (IFR) - Eurotunnel is attempting to reduce its debt servicing costs by taking advantage of favourable market conditions, announcing plans to refinance the floating rate portion of its securitised debt pile.