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Jan. 23, 2020, 2:35 a.m. EST

Getlink sees 4Q revenue fall on Brexit uncertainty, French demonstrations

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By Mauro Orru

Getlink SE said Thursday that it expects revenue for the fourth quarter to fall amid Brexit uncertainty and demonstrations in France, with full-year revenue showing a small increase.

The Channel Tunnel operator /zigman2/quotes/207817842/delayed FR:GET -4.72%  said revenue for the fourth quarter is expected to fall 4% year-on-year to 257.2 million euros ($285 million), with full-year revenue increasing between 0% and 1% to EUR1.09 billion.

“We estimate that the uncertainties surrounding Brexit and the social movements in France have adversely impacted the revenue by about EUR18 million,” said Jacques Gounon, chairman and chief executive of the group.

Getlink will publish its annual results on Feb. 27.

/zigman2/quotes/207817842/delayed
FR : France: Euronext Paris
15.13
-0.75 -4.72%
Volume: 2.42M
Feb. 27, 2020 5:35p
P/E Ratio
62.01
Dividend Yield
2.38%
Market Cap
€8.51 billion
Rev. per Employee
€306,923
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