Getlink
| Getlink
|
|
|---|---|
 |
|
| legal form | Societas Europaea |
| ISIN | FR0010533075 |
| founding | 1986 |
| Seat |
Paris , France
|
| management | Jacques Gounon ( CEO ) |
| Number of employees | 3677 |
| sales | 1.222 billion euros (2015) |
| Branch | Transport / logistics |
| Website | www.getlinkgroup.com |
Getlink (formerly Groupe Eurotunnel ) has been the operator of the 50 km long Eurotunnel and the shuttle trains through it for 99 years, until 2086 . The name was changed on November 20, 2017.
history
The company was founded on August 13, 1986 with the aim of financing, building and operating the Eurotunnel. The construction of the tunnel cost approximately £ 9.5 billion , double what was originally planned. The construction was financed partly by the investment of the shareholders and partly by a loan of eight billion pounds.
The construction of the tunnel was carried out by TransManche Link (TML) and handed over to Eurotunnel on December 10, 1993. The tunnel was officially opened on May 6, 1994 by Queen Elisabeth II and President François Mitterrand . On June 1 of the same year, the first freight train passed through the tunnel, the first truck shuttle was operated on July 1, and the first Eurostar ran on November 14, 1994.
At the end of November 1997, the company's 174 creditor banks agreed to reschedule. The shareholders had previously voted for the plans. As part of the rescheduling, the governments of France and Great Britain extended the license of the operating company until 2086, with 40 percent of the profits being transferred to the state budgets during the extended period. On February 9, 2004, Eurotunnel reported a net loss for 2003 of almost 1.9 billion euros due to major depreciation.
In 2004 the company achieved a turnover of 789 million euros and a loss of 810 million euros. On May 31, 2006, the company announced that the creditors would waive 54 percent of their claims of nine billion euros. Without the rescheduling, the company would have had to file for bankruptcy in the first half of 2007. The debt level at that time was around nine billion euros. The share was suspended from trading from May 12, 2006 to March 28, 2007.
After the tunnel operator again in January 2007 by the judgment of the Paris Commercial Court by bankruptcy protection could be saved from bankruptcy, the scope for the deficit-ridden company subsequently was small again. By May 15, 2007, around 500,000 shareholders were able to exchange their shares for shares in the successor company, Groupe Eurotunnel (GEC). The restructuring is linked to a debt relief plan that has more than halved the loan burden to 4.16 billion euros. If the project had not been implemented as planned, the old British-French Eurotunnel company, which was in debt with nine billion euros, would have had to file for bankruptcy. The success of the share swap was expected by the banks, since otherwise the shareholders would have had to expect a total loss. For 2007 the company was able to report a profit of one million euros for the first time. As early as the 1998 financial year, net profit of 64 million pounds could be reported due to special effects following a debt rescheduling.
On September 11, 2008, a fire broke out on board a shuttle train. Part of the tunnel had to be renovated and could only be reopened on February 9, 2009.
In November 2017, Groupe Eurotunnel was renamed Getlink.
Business areas
Operation of the Eurotunnel and the rail infrastructure
This business area contributed 286 million euros to annual sales in 2012.
Eurotunnel Shuttle
Eurotunnel Le Shuttle is a car train for trucks, cars and motorcycles between Calais in France and Folkestone in the United Kingdom . With 478 million euros, the shuttle service contributed 48% to 2012 annual sales. It was thus the largest division of the Eurotunnel company.
Europorte
Europorte is a rail freight transport company established in 2009 with various subsidiaries that operates freight trains in France and in the Eurotunnel. They also operate and maintain the rail infrastructure in eight French ports.
MyFerryLink
MyFerryLink was a ferry company founded in 2012 with ferry connections between Dover and Calais. In addition to the Eurotunnel and the ferry service belonging to this group, there are only two other ferry services in this relation ( DFDS Seaways and P&O Ferries), so that the Eurotunnel group carries over half of the traffic in this area over or under the canal between France and England controlled. Because of the existing oversupply in competition, the British competition authority CMA insisted that the Eurotunnel Group had to give up its ferry route.
The business activities of MyFerryLink ended on July 2nd, 2015, the two ferries of the former SeaFrance, Rodin and Berlioz, made available by Eurotunnel from August 2012 onwards, were chartered out to DFDS .
Web links
- Getlink official website (English, French)
Individual evidence
- ↑ http://www.eurotunnelgroup.com/uploadedFiles/assets-uk/Shareholders-Investors/Presentation-to-analysts/160121-2015-trafic-revenue-Eurotunnel-Group.pdf
- ↑ New company name. Accessed April 7, 2019 .
- ↑ Groupe Eurotunnel renamed Getlink
- ↑ Peter Kleinort: Eurotunnel has to sell the ferry line . In: Daily port report from July 1, 2014, p. 13
- ↑ Peter Kleinort: DFDS charters two canal ferries . In: Daily port report from June 16, 2015, p. 13