Getlink (EPA:GET) announced a slight increase in third quarter revenue on Wednesday, in a context hit by uncertainties.
Shares in the operator of the Channel Tunnel were down during trading on Wednesday morning.
Getlink said that third quarter revenue in 2019 rose to €305.1 million, up only slightly when compared to the same period a year prior.
The company added that Eurotunnel Le Shuttle revenue declined by only 2%, amounting to €185.8 million despite a “difficult market”.
Rail Network revenue increased by 4% to €83.9 million, Getlink said. The company added that this was driven by dynamic growth in Eurostar traffic, in particular the development of the direct service from London to Amsterdam.
“In the third quarter, the Group has been bolstered by its fundamental principles of quality of service and premium offer and continued to grow in the context of lower European growth and the uncertainties related to Brexit,” Jacques Gounon, Chairman and Chief Executive Officer of the Group, said in a company statement.
Getlink confirmed its medium-term objectives, despite the ongoing uncertainty surrounding the nation’s departure from the European Union.
“This quarter was marked by strong performance in each of the Group’s segments, with maintaining its pricing power confirming the Group’s position. In total, even in the current context of the Brexit negotiations, the Group confirms its medium-term objectives of €735 million in EBITDA by 2022,” Getlink said.
Elsewhere in Brexit related news, it was revealed on Wednesday that Prime Minister Boris Johnson will push for a general election if the European Union agrees to delay Brexit even further until January.
Shares in Getlink SE (EPA:GET) were down, trading at -0.47% as of 12:33 CEST Wednesday.
