Getlink SE
PAR:GET
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Getlink SE
PAR:GET
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FR |
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A
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AGFA Gevaert NV
XMUN:AGE
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BE |
Earnings Calls
Last Earnings Call
Revenue: Q3 revenue was EUR 305 million, down 17% year-on-year, showing improvement from earlier in the year.
Traffic Trends: Truck traffic was robust, down only 3% in Q3, while car traffic fell 30% but recovered strongly over the summer.
Strong Cash Position: Cash at the end of Q3 was EUR 596 million, EUR 85 million higher than at the end of June.
Cost Control: The Shield plan aims to cut OpEx, CapEx, and employee costs, but specific savings targets were not disclosed.
Dividend: Board aims to resume dividends in 2021, but the amount is likely to be lower than before.
Guidance Withdrawn: Due to the ongoing sanitary crisis, previous year-end guidance is no longer confirmed.
Brexit & ElecLink: Preparations for Brexit are on track; ElecLink project expects approval to pull cable in December.
Eurostar Impact: Rail segment (Eurostar) remains heavily impacted, with Q3 passenger volumes down 89%.