Channel Tunnel profits boost despite Brexit
other charges grew by 8% to €242 million (£216m).
Bosses predict further growth in the second half thanks to growing high-speed passenger traffic from new Eurostar trains on the London to Brussels route and a new direct service to Amsterdam from the end of the year.
The company has also cut the cost of its debt to less than 4% after a partial refinancing in June, saving the company about €60 million (£54m) per year for at least the next five years.
Net profit from continuing operations increased 23% to €30 million (£27m).
The growth comes despite a 1% fall in truck traffic to about 823,000 since the start of the year, due to the difficult weather conditions in southern Europe at the beginning of the year.
Passenger shuttle traffic using the tunnel between Folkestone and Coquelles was down 7% in June compared to the same time in 2016, when the UEFA football championships were held in France.
It is down 2% to 1.14 million since the start of the year.
Chairman and chief executive Jacques Gounon said: “Over the past 10 years, the group has focused its business model on value creation through the quality of service provided.
“The success of the partial refinancing of the debt shows the confidence of the markets in the strength of this model. The economic outlook for the next two years remains good.”
Jacques Gounon, chairman and chief executive of Eurotunnel, says the economic outlook for the next two years remains good