France's Getlink H1 revenue beats estimates on strength in Eleclink performance
France's Getlink H1 revenue beats estimates on strength in Eleclink performance
Overview
France-based Channel Tunnel operator's H1 revenue rose 13%, beating analyst expectations
H1 EBITDA increased 12% to €404 mln, driven by Eleclink's strong performance
Company raised 2026 EBITDA guidance to €835-870 mln
Outlook
Getlink raises 2026 EBITDA guidance to €835 mln–€870 mln from €820 mln–€860 mln
Company expects reasonable Eurotunnel growth, assuming limited EES-related disruptions
Getlink says 98% of Eleclink 2026 capacity sold, supporting revenue visibility
Result Drivers
ELECLINK PERFORMANCE - Eleclink revenue rose 71% and EBITDA 79%, driven by high interconnector availability and a commercial strategy capturing market opportunities
EUROTUNNEL TRAFFIC AND YIELD - Eurotunnel revenue up 3%, supported by growth in Railway Network traffic and optimised Shuttle yield despite mixed economic conditions
EUROPORTE CONTRACTS - Europorte revenue up 12%, driven by the award of major railway infrastructure management contracts
Company press release: ID:nBw3PVCH1a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue | Beat | EUR 824 mln | EUR 811.08 mln (4 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the highways & rail tracks peer group is "buy"
Wall Street's median 12-month price target for Getlink SE is €19.55, about 4.8% above its July 22 closing price of €18.65
The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 33 three months ago
Reuters Recommended Reads
July 22 - Germany's Friedrich Vorwerk H1 EBITDA jumps on strong order intake, raises 2026 EBITDA outlook
July 22 - Alstom keeps guidance despite weak European orders, sees pickup ahead
July 20 - Italo announces €3 billion deal with Siemens to buy trains for Germany
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)