Getlink Secures 55 Million Euros in Compensation for Eleclink Shutdown
Getlink Group has reached a settlement with its insurers for the business interruption losses of Eleclink, totaling 55 million euros, according to the statement released on Wednesday.
The compensation covers the suspension of operations of the Eleclink electrical interconnection from September 25, 2024, to February 5, 2025, the group states. Out of the 55 million euros awarded, 5 million euros had already been accounted for in the first half of 2025. The total amount will be recorded in the group's consolidated accounts for the fiscal year 2025, the company specifies.
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According to Getlink, the group's 2025 EBITDA target, set last March between 780 and 830 million euros, included a conservative assumption. The group had anticipated an initial compensation tranche of 15 million euros pending the assessment of damages and validation with insurers. This initial estimate was significantly exceeded by the final agreement.
Role of the Eleclink Interconnection
The Eleclink electrical interconnection, installed in the Channel Tunnel, helps balance energy needs between France and Great Britain, the statement recalls. This infrastructure is part of the group's activities alongside the transport services of truck and passenger shuttles between Folkestone and Calais, as well as the Europorte freight rail subsidiary.
"Getlink a confirmé en 2025 la solidité de son modèle avec la croissance des métiers historiques Eurotunnel et Europorte dont les chiffres d’affaires progressent respectivement de +4% et +2%. Alors que le marché du fret transmanche reste difficile, l’activité passagers gagne des parts de marché grâce à sa stratégie centrée sur la qualité de service. Le segment grande vitesse confirme son dynamisme avec une croissance soutenue des trafics et des avancées majeures pour son développement futur, qu’il s’agisse de l’ouverture de nouvelles destinations ou l’arrivée de nouveaux acteurs."
Résultats annuels 2025 marqués par une croissance du chiffre d’affaires global et des progressions dans les segments Eurotunnel et Europorte, malgré une contribution Eleclink atténuée.
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