Getlink SE Reports Fiscal Year 2024 Results

Getlink SE, the operator of the Channel Tunnel, has released its fiscal year 2024 results. Key highlights include:

• Revenue: The company reported a decline in revenue compared to the previous year.
• Profit: Profit also declined, with the company citing weak market conditions as the primary reason.
• Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): Getlink SE reported an EBITDA of 833 million euros, exceeding earnings expectations.

Stock Price Reaction

Following the release of the results, Getlink SE’s stock price fell by 2%.

Dividend Payout Proposal

The company has proposed a 5.5% increase in dividend payout for 2024, subject to shareholder approval.

Fiscal Year 2025 Projections

Getlink SE has projected a lower EBITDA for fiscal year 2025, ranging between 780 and 830 million euros.