Getlink cost to swell 12 mln euros from extended ElecLink outage
28/11/2024 07:01
Nov 28 (Reuters) - Getlink GETP.PA , which runs the
undersea tunnel between France and Britain, said on Wednesday
its ElecLink interconnector will be out of service for two more
weeks.
The cross-channel electric cable is to return to service on
December 16, it said, for an extension that will have an
additional impact of about 12 million euros ($12.66 million)
beyond the 46 million euros it estimated in October.
"The works to restore the cable outside the Tunnel in France
are progressing. However, these works are taking longer than
previously envisaged.", Getlink said in a statement.
The group said its 2024 target range for earnings before
interest, taxes, depreciation, and amortisation (EBITDA)
remained unchanged.
($1=0.9480 euros)
(Reporting by Nathan Vifflin in Gdansk; Editing by Clarence
Fernandez)
((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))