Earnings release
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PRESS RELEASE 22 April 2021 at 6:30 am Q1 2021 : 33 % expected decrease in revenue with borders virtually closed to tourists GETLINK ► Group Q1 revenue was € 154.4m , down 33 % on the same period in 2020¹ , penalised by an unfavourable base effect due to the fact that the health protection restrictions only came into force in mid - March 2020 . > Eurotunnel Eurotunnel Shuttle revenue was € 87.8m , down 34 % due to travel restrictions ; ● Railway Network revenue was down 51 % to € 32.6m due to travel restrictions still in force by the British , French , Belgian and Dutch authorities . > Europorte ● Revenue up 4 % to € 31.9m . Yann Leriche , Group Chief Executive Officer said : " The decrease in revenue reflects the travel restrictions put in place by the authorities and the adaptation of the freight market to the new post - Brexit customs formalities . Our teams are actively working for when the border reopens for tourists , on the ElecLink cable installation , and on accelerating the transformation of the business towards greater operational , financial and sustainability performance . " 1 All comparisons with Q1 2020 revenue are made at the average exchange rate of the first three months in 2021 of £ 1 = € 1.152 .