Channel tunnel owners Groupe Eurotunnel doubled its net profit to 200 million euros in 2016, despite registering falls in passenger traffic and rail freight.
The positive financial results came instead from an 11% rise in vehicles carried on its truck shuttle services, and a 2% rise in cars, during what company executive chairman Jacques Gounon called the ‘best year’ ever in the tunnel’s history.
The Channel Tunnel has consistently struggled to meet traffic and financial forecasts since its opening in 1994, but Gounan said its outlook had improved now that improved security around the terminal in Coquelles, northern France, had eliminated disruption to services caused by migrant incursions.
We've read it in: Financial Times, February 3 2017, Page19
