Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Tougher UK COVID measures in peak season make Getlink's Q3 revenue drop

Published 21/10/2021, 06:32
Updated 21/10/2021, 06:35
© Reuters. FILE PHOTO: Getlink CEO, Yann Leriche poses at Eurotunnel terminal in Coquelles near Calais, France, December 31, 2020. REUTERS/Pascal Rossignol/File Photo

© Reuters. FILE PHOTO: Getlink CEO, Yann Leriche poses at Eurotunnel terminal in Coquelles near Calais, France, December 31, 2020. REUTERS/Pascal Rossignol/File Photo

(Reuters) - The operator of the Channel Tunnel Getlink posted a 13% drop in third-quarter revenue on Thursday, hurt by tougher COVID-19 travel restrictions and Brexit border controls.

Getlink, which reported revenue at 223.1 million euros ($260.02 million) for the three months to September, said in July it could not give financial guidance while governments did not give a stable timeframe on a return to cross-border travel.

"In the third quarter, the Group faced tightened health restrictions unlike last year," said Chief Executive Yann Leriche in a statement.

With Britain's hospitals being on edge at present, the UK said it would rely on vaccines and drugs to avoid yet another lockdown, having already shut the economy three times.

© Reuters. FILE PHOTO: Getlink CEO, Yann Leriche poses at Eurotunnel terminal in Coquelles near Calais, France, December 31, 2020. REUTERS/Pascal Rossignol/File Photo

Whilst in France, the number of people hospitalised for COVID-19 went up for the third day in a row on Oct. 19, a trend not seen for almost two months, according to French health authorities.

($1 = 0.8580 euros)

Latest comments

Hospital's aren't on edge but the NHS is caught with its pants around its ankles every Winter. A simple outbreak of Winter Vomiting Sickness closes wards and curtails operations.. Exactly when are the much lauded 'heroes' going to get their act together?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.