Groupe Eurotunnel SA: traffic and revenue for 2013


2013 a record year: strong growth in revenues, +12%1 to €1.092 billion

► Channel Tunnel Fixed Link Concession

  • Eurotunnel Shuttles: further increase in revenue (+2%)
  • High speed trains: 10 million passenger barrier broken
  • Freight trains: visible growth

► Europorte: continuing development; growth in revenue of +16% to €238.5 million

► MyFerryLink: The essential 3rd shipping actor of cross-Channel market

Jacques Gounon, Chairman and Chief Executive Officer of Groupe Eurotunnel SA, stated: “Eurotunnel has had a record year and, in spite of the highly competitive market situation, has delivered revenues significantly above one billion euros. For its 20th Anniversary in 2014, the Group has confirmed its capacity to make the most of the recent economic growth in Europe and particularly in the United Kingdom.”

1 All comparisons with 2012 revenues are at a constant exchange rate of £1 = €1.187


In million euros   2013   2012   Change   2012
    un audited   recalculated*   2013/2012   published**
Eurotunnel Shuttles 477.0 469.7 +2% 478.1
Railway Network 289.3 280.8 +3% 285.7
Other revenues   12.9   12.7   +2%   12.9
Sub-total Fixed Link   779.2   763.2   +2%   776.7
Europorte   238.5   205.6   +16%   209.5
MyFerryLink   74.3   7.0   -   6.9
Revenue   1,092.0   975.8   +12%   993.1



4th Quarter


4th Quarter


4th Quarter

In million euros 2013 2012 Change 2012
    un audited   recalculated*   2013/2012   published**
Eurotunnel Shuttles 113.3 112.0 1% 112.7
Railway Network 71.8 68.7 +5% 69.3
Other revenues   3.1   3.4   -9%   3.4
Sub-total Fixed Link   188.2   184.1   +2%   185.4
Europorte   66.1   54.5   +21%   55.1
MyFerryLink   19.3   5.1   +277%   5.1
Revenue   273.6   243.7   +12%   245.6

* Average exchange rate for 2013: £1= €1.187

** Average exchange rate for 2012: £1= €1.23

The consolidated total revenues for the Eurotunnel Group for the year 2013 reached €1.092 billion, an increase of 12% compared to 2012.

A. Fixed Link Concession:

The Tunnel’s inherent advantages of speed, reliability and respect for the environment are clearly popular with customers. The increase in the number of passengers transported is the proof: almost 325 million passengers have travelled through the Channel Tunnel since its opening and over 20 million this year.



  2013   2012   Change
Truck Shuttles   Trucks   1,362,849   1,464,880   -7%
Passenger Shuttles   Cars ¹   2,481,167   2,424,342   +2%
  Coaches   64,507   58,966   +9%
High speed trains ²   Passengers   10,132,691   9,911,649   +2%
Rail freight trains 3 Tonnes 1,363,834 1,227,139 +11%
  Trains   2,547   2,325   +10%


  4(th) Quarter   4(th) Quarter   Change
    2013   2012    
Truck Shuttles   Trucks 350,214 370,751 -6%
Passenger Shuttles

Cars ¹

561,958 555,139 +1%
  Coaches   15,542   14,849   +5%
High speed trains ²   Passengers   2,474,486   2,473,364   0%
Rail freight trains 3 Tonnes 356,591 320,445 +11%
  Trains   638   600   +6%

1 Includes motorcycles, vehicles with trailers, caravans and camper vans.

2 Only passengers travelling through the Channel Tunnel are included in this table, excluding those who travel between Paris-Calais and Brussels-Lille.

3 Rail freight services by train operators (DB Schenker on behalf of BRB, the SNCF and its subsidiaries, and Europorte) using the Tunnel.

Eurotunnel Shuttles

Shuttle Services revenues increased by 2% to €477 million in 2013, without any change to commercial policy which sets out to differentiate the quality of service compared to the competition.

  • Freight Shuttle Service: following an exceptional year in 2012 with the London Olympic Games, truck traffic in 2013 has returned to its historic levels in a highly competitive market. Eurotunnel has shown its underlying strength, as can be seen in its market share which, at 38.6% for the year, remained above the average market share recorded before 2012. The Short Straits cross-Channel truck market has seen real growth (estimated at 4.7%) but remains 5% below its 2007 level.
  • Passenger Shuttles: Eurotunnel’s passenger traffic has been strong and has continued to grow (+2% for cars, +9% for coaches) to reach close to 2.5 million cars in 2013, in a cross-Channel market which has itself increased by 2.8% over the year. This is a particularly remarkable performance given that it has been achieved in a year without a major catalyst such as the Jubilee or the 2012 Olympic Games. Le Shuttle market share remained stable in 2013.

Coach traffic continued to improve, with an almost 9% growth and a market share which reached 41.6% (+0.5 point). In 2013, coach traffic was strengthened by the launch of the new scheduled services from ID Bus, Megabus of Stagecoach in 2012.

Overall, albeit the financial crisis is not yet over, and competition remains vigorous across the Channel, customer loyalty to the Eurotunnel system is clear. The renovation of terminal facilities and mobile services below the Channel have brought a new era of modernity which, added to the high frequency of Shuttle departures, the short crossing time, the punctuality levels and the minimal impact on the environment continues to attract both leisure passengers and commercial transporters to Eurotunnel.

Railway Network

  • High speed trains: For the first time in its history, Eurostar has broken through the symbolic hurdle of 10 million passengers (+2%). The launch of new services announced by Eurostar, London-Lyon-Marseille in 2015 and London-Amsterdam in 2017 are welcome portents for the growth of this traffic through the Channel Tunnel.
  • Cross-Channel rail freight has shown double digit traffic growth in 2013 (number of freight trains increased by 10%), due particularly to the transport of steel, to the re-launch of intermodal services and to new services generated through the ETICA (Eurotunnel Incentive for Capacity Additions) scheme, which provides support for start-ups put in place by Eurotunnel, using its own resources. Since 2010, the growth in cross-Channel rail freight has been 21%. In view of the activity stimulated by ETICA, Eurotunnel is now considering extending the scheme whilst continuing to seek solutions to the many barriers external to the Channel Tunnel. The Groupe is convinced that there is an important future for these pan European traffic flows.

B. Rail freight operators: Europorte and its subsidiaries

Europorte is fulfilling its role as a vector for growth and recorded a substantial increase in its revenues (+16%) due to new contracts and the increase in its traffic for existing customers. The British and French rail freight subsidiaries are positioned as the third largest operators in each country and the first private operator in a sector which is becoming more and more similar to infrastructure management.

The vitality of GBRf, the third largest UK based rail freight operator, continues. GBRf signed a contract with Sibelco Europe to provide freight services to transport silica sand. The sand is carried on two trains per day from the Sibelco quarry near Kings Lynn, Norfolk, to the Guardian Industries plant at Yoole, Yorkshire, and to the Ardagh glass manufacturing sites at Barnsley and Doncaster. This contract strengthens GBRf’s position in the aggregates business.

C. MyFerryLink


    2013   2012 ¹
Trucks   326,274   11,417
Cars ²   316,811   45,908
Coaches   721  



    4th Quarter 2013   4th Quarter 2012 ¹
Trucks   91,110   9,760
Cars ²   61,680   36,369



1 MyFerryLink began commercial operations on 20 August 2012.

2 Includes motorcycles, vehicles with trailers, caravans and camper vans.

Following the administration of SeaFrance at the start of 2012, Eurotunnel purchased three ships and, as ship owner, leased these ships to an independent company, the SCOP SeaFrance. The new activity, which started on 20 August 2012, saw revenues increase from €7 million in 2012 to €74 million in 2013 as a result of a service that attracted both freight transporters and car passengers. The addition of MyFerryLink services has also brought an increase in the choice of services available to cross the Channel, a great benefit for consumers. Even though approved by the French competition authorities, MyFerryLink is the object of an investigation by the British Competition Commission which should announce its decision as to whether the Group bought assets or, on the contrary took over SeaFrance, the company, after it was put into administration, at the end of April.

Eurotunnel Press:
For UK media enquiries contact John Keefe on + 44 (0) 1303 284491
For investor enquiries contact Michael Schuller on +44 (0) 1303 288749

Category Code: MSC
Sequence Number: 405415
Time of Receipt (offset from UTC): 20140122T061645+0000


Groupe Eurotunnel SA


Groupe Eurotunnel SA