Best ever year for Eurotunnel

Best ever year for Eurotunnel

Eurotunnel, the French transport group who owns the Channel Tunnel, has revealed that 2016 was the best year in its history.

From Brexit to terror attacks, last year threw up a series of challenges for many Anglo-French businesses.

And Eurotunnel was no different. The French giant operates the Channel Tunnel which provides a direct link between Dover and Calais.

However, despite Britain’s decision to leave the European Union and a series of terrorist attacks, the tunnel’s operator has seen revenues soar in 2016 and has recorded its best year to date.

The weakening of the pound following the vote provided a major boost to British exporters and in turn saw exports rise, boosting trade through the port.

And despite the terror attacks in Paris, Brussels and Nice affecting the number of people choosing to holiday across the channel, the Euro 2016 football tournament helped boost passenger numbers.

Jacques Gounon, chairman and chief executive officer of Groupe Eurotunnel SE, said: “2016 was the best year in our history.”

Eurostar carried more than 10 million passengers in 2016 and Eurotunnel’s Shuttles transported 2.66 million passenger vehicles and 1.64 million trucks.

In total, Eurotunnel saw revenues increase by 4% to €1bn (£858m) and underlying earnings rise 7% to €514m (£438m).