Getlink shares swerve as higher capex guidance outweighs EBITDA beat

Getlink SE

06/03/2025 08:25

** Shares in Getlink GETP.PA fall over 2%, reversing earlier gains, after the Channel Tunnel operator reported a better-than-expected drop in its FY core profit (EBITDA) but guided for increased capital expenditure mid-term

** Getlink said it expects capex guidance between 170 and 200 million euros ($183-216 million) over the next 5-7 years

** "The increased capex guidance will overshadow the positives of today's results," J.P.Morgan says

** The stock was up as much as 4.5% in early trade with two traders citing EBITDA beat and 2025 guidance

** JPM says it expects the EBITDA beat and guidance to be well received as "investors are aware that management guidance is usually conservative"

** The Paris-listed stock is down 2.3% by 0818 GMT, underperforming the pan-European STOXX index .STOXX, which rises 0.4%

($1 = 0.9261 euros)

 (Reporting by Alessandro Parodi)

 ((alessandro.parodi@thomsonreuters.com))