Eurotunnel sales post double-digit gain: chairman

30th January 2012, Comments 0 comments

Eurotunnel, which operates the Channel tunnel between Britain and France, said it recorded double-digit sales growth for 2011, and was back to levels last seen in 2007, a newspaper reported Monday.

"We are posting double-digit sales growth," Eurotunnel head Jacques Gounon told the French daily Le Parisien.

The newspaper put the group's 2011 sales at 844 million euros ($1.1 billion), an increase of 16 percent from 2010.

"With the transportation of 2.2 million autos, we are back at the level seen in 2007. That is an achievement," Gounon said.

In October, Eurotunnel had estimated that third quarter 2011 sales would be 10 percent higher at 231.7 million euros, but had remained cautious regarding the outlook for the full year.

The company reported a net loss of 57 million euros for 2011.

Eurotunnel had forecast better fortunes for 2011 however, owing in part to new services that included routes into Germany on Deutsche Bahn trains.

© 2012 AFP

0 Comments To This Article