Eurotunnel gets finances on right track

Twenty years after it opened for business, channel tunnel operator Eurotunnel saw pre-tax profits surge 89 per cent last year. Picture: Getty

Twenty years after it opened for business, channel tunnel operator Eurotunnel saw pre-tax profits surge 89 per cent last year. Picture: Getty

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CHANNEL Tunnel company ­Eurotunnel yesterday unveiled improved financial figures for 2014 – the 20th anniversary of the opening of the 31-mile ­underwater link.

The company’s pre-tax profit for last year increased 89 per cent to €56 million (£40.3m), while revenues were up 7 per cent to just over €1.2 billion. ­Operating profit jumped 11 per cent to €334m.

Eurotunnel’s shuttle trains carried more than 2.57 million cars last year – an increase of 4 per cent on 2013. Coach shuttle traffic was down 2 per cent to just over 63,000, but the total of more than 1.44 million trucks carried represented a 6 per cent rise.

Eurostar high-speed trains carried almost 10.4 million ­passengers last year, a 3 per cent increase on 2013.

Chairman Jacques Gounon said: “In 2014, Eurotunnel Group reached its objective of an operating margin of half a billion euros one year in advance.”

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