Third quarter 2017: the Eurotunnel Group continues on track 19/10/2017 - 6:30 a.m.

19 October 2017 - 6:30 a.m.

• Total revenues for the third quarter of 2017 rose to €286.4 million, an increase of 3% compared to the same period in 20161 on a comparable basis.
  • Channel Tunnel Fixed Link
    • Shuttle revenues increased by 4% to €179.3 million
    • Railway Network revenue increased by 2%
    • Eurostar: traffic increased by 4%
    • Rail freight trains: traffic increased by 6%
  • Europorte: revenue increased by 3%

    Jacques Gounon, Chairman and Chief Executive Officer of Groupe Eurotunnel SE stated: "The Group's strategy to concentrate on leadership in the most dynamic and high contribution sectors of the market, both for freight and passenger services, has enabled us to record a further increase in revenues. We remain confident for the full year".

    1 All comparisons with 2016 are made at the average exchange rate for the first nine months of 2017 of

    £1=€1.142 and after restatement in accordance with IFRS 5 following the sale of GB Railfreight in November 2016.

    ► Third quarter of 2017: key events

  • Channel Tunnel Fixed Link

• Le Shuttle set a new passenger vehicle record for the summer period between 17 July and 3 September, carrying 563,750 cars, an increase of 2% compared to 2016.

• Investments in premium service, like the new Flexiplus lounge in France which opened on 15 July, bore fruit with a 6% increase in bookings for this unique product during summer period.

• Truck Shuttles continued strongly, with new records set in August and September.

• Growth in Le Shuttle revenues also comprises increased yield.

  • Europorte

• Renewal of major contracts, notably with Exxon, Gefco, Chevron and Lessyfer.

  • ElecLink

• Construction continues as planned.

Total revenues for the Group, grew by 3% at a constant exchange rate compared to 2016, to €286.4 million.

* Average exchange rate for the first nine months of 2017: £1=€1.142.

** Recalculated at the exchange rate for the first nine months of 2017 and restated in application of IFRS 5 following the sale of GB Railfreight in November 2016.

*** Average exchange rate for the first nine months of 2016: £1=€1.237.

1. Channel Tunnel Fixed Link Concession

   At €257.4 million, revenues for the Fixed Link in the third quarter of 2017 grew by 3%.

   Revenue from Shuttle services increased by 4% compared to the same period in the previous year to

   €179.3 million, reflecting growth in both traffic and yield.

   Revenues from use of the Railway Network increased by 2% in the third quarter, principally as a result of an increase in the number of Eurostar passengers.

2. Rail freight operators: Europorte and its subsidiaries

Revenues from Europorte amounted to €29 million, up 3%.

• Average exchange rate for the first nine months of 2017: £1=€1.142.

  ** Recalculated at the exchange rate for the first nine months of 2017 and restated in application of IFRS 5 following the sale of GB Railfreight in November 2016.

  *** Average exchange rate for the first nine months of 2016: £1=€1.237.

  For the first nine months of the year, up to the end of September 2017, revenues for the Eurotunnel Group reached €783.4 million (+3%).

  • Revenues from Shuttle Services grew by 3% to €464 million.

  • Revenues from the use of the Railway Network, increased by 3% to €219.7 million.

  • Europorte revenue increased by 2% to €88.2 million.

¹ Including motorcycles, vehicles with trailers, caravans and motor homes.

² Only Eurostar passengers travelling through the Channel Tunnel are included in this table, thus excluding journeys between Paris-Calais and Brussels-Lille.

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