Published: 09:55, 27 February 2020
| Updated: 09:57, 27 February 2020
The parent company of Eurotunnel says it performed "robustly" during 2019, despite a "changing and complex environment".
Getlink, the Paris-based public company which operates the Channel Tunnel, said it had seen growth of 20% in consolidated net profit to £491million with revenues stable at £918m.
During 2019, more than 2.6m passenger vehicles and 1.6m trucks used the link between Folkestone and Coquelles in France. That equates to a 56.9% share of car traffic and 40.4% for trucks across the shortest route to the Continent.
There was also a record 11m passengers using the Eurostar service courtesy of the addition of the London to Amsterdam service.
It also confirmed it has invested some £25m in infrastructure to prepare for Brexit and smart border technology.
And the results should please shareholders with a 14% increase in dividends set to be proposed at its AGM at the end of April to 35p per share.
Jacques Gounon, chairman and chief executive of the group, said: “Getlink has achieved its highest net result since 2007 on a like-for-like basis. The group performed robustly in 2019, in line with our forecasts and in line with market expectations, despite a changing and complex environment.”
The company celebrated its 25th anniversary last year.