Getlink SE, formerly known as Groupe Eurotunnel SE, is a France-based company, which brings together a group of companies active in the fields of infrastructure management and transport operations. Its various entities share the attention to quality and customer service, with priority given to safety. The Company manages and operates the Channel Tunnel between the United Kingdom and France and its railway infrastructure. The Company is also engaged in the passenger and freight transport between continental Europe and the United Kingdom. In addition, it provides ferry transport through the Channel. Getlink SE has direct and indirect stakes in a number of companies, including The Channel Tunnel Group Limited, France Manche SA and Europorte SAS, among others.
  • TickerGET
  • ISINFR0010533075
  • ExchangeEuronext Paris
  • SectorIndustrial Transportation
  • CountryFrance

Analysts

GETLINK SE sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of GETLINK SE (FR), a company active in the Transportation Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date November 6, 2018, the closing price was EUR 11.43 and its potential was estimated at EUR 12.00.

Valérie GASTALDY

Analyse court terme - GROUPE EUROTUNNEL : La reprise est une consolidation.

La tendance est baissière. La reprise est une consolidation. La baisse risque de reprendre jusqu'à 10,440 €. La tendance de fond serait remise en cause en cas de franchissement de 11,400 €.

Valérie GASTALDY

Short term view - GROUPE EUROTUNNEL : The recovery is a consolidation.

The trend is bearish. The recovery is a consolidation. The fall might resume toward €10.440. The background trend would be questioned should prices rise above €11.400.

Groupe Eurotunnel SE: Update following publication of annual results

INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 4 April 2017 Update RATINGS Groupe Eurotunnel SE Domicile France Long Term Rating Baa2 Type LT Corporate Family Ratings - Dom Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Raffaella Altamura 44-20-7772-8613

Christophe Chaput ...
  • Virginie Rousseau

Getlink : Resilient Q3 revenue, up 7%, further strong price effect on the shuttle business, up 4%

>Q3 revenue beats expectations: € 305.9m vs € 298.9m estimated - Getlink reported Q3 revenue up 7% at constant currency to € 305.9m, a shade ahead of our expectations (€ 298.9m) and consensus (€ 301m). We note the following: Shuttle revenue was up 6% to € 190.7m (€ 188.4m estimated), mainly on the back of strong traffic momentum, with truck volumes up 3% and car volumes up 1% over the period. We would note a +4% price effect, which is very satisfactory and demon...

Christophe Chaput ...
  • Virginie Rousseau

Getlink : Bonne tenue de l’activité au T3 (CA +7%) – Un effet prix qui reste fort sur les Navettes (+4%)

>Un chiffre d’affaires T3 supérieur aux attentes : 305.9 M€ vs 298.9 M€e - Au titre de son troisième trimestre, le groupe Getlink publie un chiffre d’affaires en hausse de 7% à taux de changes constants à 305.9 M€, soit un niveau légèrement supérieur à nos attentes (298.9 M€) et celles du consensus (301 M€). Pour notre part, nous retenons : Une hausse des activités Navettes de 6% à 190.7 M€ (188.4 M€e) qui s’explique en premier lieu par un bon dynamisme du trafi...

Christophe Chaput ...
  • Virginie Rousseau

Getlink : H1 results close to expectations; 2018 and 2022 guidance unchanged

>First-half results close to expectations: EBITDA € 250m vs € 253.8m estimated - The GetLink group reported first-half results close to our expectations, with: Growth in revenues of 4% to € 510m, whereas we looked for € 519.9m est., with growth of 2% in Q2 to € 269m. In detail, in the first half we note growth in concession revenues of 4% to € 450m, driven by: 1/ shuttles (+5%), which is consistent with the rise in volumes (Trucks +3%; Cars +2%), implying an incr...

Christophe Chaput ...
  • Virginie Rousseau

Getlink : Résultats S1 proches des attentes ; Guidances 2018 et 2022 inchangées

>Résultats semestriels proches des attentes : EBITDA 250 M€ vs 253.8 M€e - Au premier semestre, le groupe GetLink publie des résultats proches de nos estimations qui se caractérisent par : Une progression du chiffre d’affaires de 4% à 510 M€, nous retenions 519.9 M€, avec un T2 en hausse de 2% à 269 M€. Dans le détail, sur le semestre, nous retenons une progression des activités de concession de 4% à 450 M€ porté par : 1/ les Navettes (+5%) ce qui est cohérent av...

Two Directors bought/sold after exercising options 61,000 shares at between 10.756EUR and 11.130EUR.

Two Directors at Groupe Eurotunnel Sa bought/sold after exercising options 61,000 shares at between 10.756EUR and 11.130EUR. The significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading ...

Alfred Glaser ...
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Léopold Authié
  • Nicolas David
  • Olfa Taamallah
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 23/10/2018

A l’occasion du CMD du 8/11, ASML devrait présenter une vision à nouveau optimiste à horizon 2025. Nous tablons en effet sur une nouvelle forte croissance du CA (à 15/20 Md€ en 2025 vs un objectif de 11 Md€ dans le plan 2020), accompagnée d’une croissance du BPA qui devrait évoluer entre 11 € (bear case) et 18 € (bull case) vs 8.4 € en 2020. A notre scénario moyen en 2025 (CA de 17.5 Md€ et BPA de 15 €), le titre a le potentiel pour doubler, d’où notre opinion Acheter. Cf étude publié...

Alexandre Iatrides ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Georges Dieng
  • Igor Kim, CFA
  • Johanna Jourdain
  • Léopold Authié
  • Matthias Desmarais
  • Nicolas Kieffer
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/25/2018

...

Alexandre Iatrides ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Georges Dieng
  • Igor Kim, CFA
  • Johanna Jourdain
  • Léopold Authié
  • Matthias Desmarais
  • Nicolas Kieffer
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam, CFA
  • Stephane Houri
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/07/2018

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GETLINK SE sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of GETLINK SE (FR), a company active in the Transportation Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date November 6, 2018, the closing price was EUR 11.43 and its potential was estimated at EUR 12.00.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Charles Pinel

Proxy Report - 18/04/2018

The agenda was modified by the notice of meeting to take into account the arrival of Atlantia spa as principal shareholder who held 15.49% of the capital and 26.66% of the voting rights after taking control of Aero I Global and International (previously owned by Goldman Sachs) on March 2, 2018. The new shareholder benefits from the double voting rights previously acquired by the Goldman Sachs fund. Three new resolutions areproposed: two nominations and a change in the bylaws that we will support. A resolution to reduce the term of office of directors has been removed. Jacques Gounon is Chairm...

Charles Pinel

Proxy Report - 18/04/2018

L'ordre du jour a sensiblement été modifié entre l'avis de réunion et l'avis de convocation afin de prendre en compte l'arrivée d'Atlantia s.p.a comme principal actionnaire qui détient 15,49% du capital et 26,66% des droits de vote après avoir pris le contrôle d'Aéro I Global & International (Goldman Sachs) le 2 mars 2018. Ce nouvel actionnaire bénéficie ainsi des droits de vote double acquis précédemment par le fonds de Goldman Sachs. Trois nouvelles résolutions sont proposées : deux nominations et un changement de statuts que nous soutiendrons. Une résolution visant à réduire la durée du man...

Etude de l'AG du 27/04/2017

Items 8, 9, 10, 11Ex ante and Ex post Say on Pay resolutions will be supported this year once again. Indeed, the company's communication is accurate, the structure is correctly ballanced and the amounts seem in line with effective performance. Even if LTI seems high compared to the base salary ; the remunerations of Jacques Gounon, CEO, and François Gauthey, deputy CEO, are reasonable.Our only concerns relate to share appreciation: our own appreciation is almost twice the company's and this explains the high level of LTI. Furthermore, a more complete communication related to performance target...

Etude de l'AG du 27/04/2017

Cette année encore, les résolutions consultatives sur la rémunération des dirigeants mandataires sociaux seront soutenues (résolutions 8 à 11). En effet, en raison notamment du bon niveau de transparence, d'une structure à peu près équilibrée à l'exception de la possibilité d'une rémunération variable annuelle en cas de légère sous-performance, de montants maitrisés qui semblent en ligne avec la performance, la rémunérations 2016 et 2017 de Jaques Gounon, Président-Directeur général, et de Jacques Gauthey, Directeur Général Délégué depuis le 1er mai 2016, semblent acceptables. Nous regrettons ...

SRI Quantitative KPIs

Les analyses Gaïa sont des analyses ESG (Environnement, Social, Gouvernance) dediees aux entreprises de tailles intermediaires (PME, ETI) françaises. Elles presentent 120 indicateurs quantitatifs sur les trois derniers exercices.

Valérie GASTALDY

Analyse court terme - GROUPE EUROTUNNEL : La reprise est une consolidation.

La tendance est baissière. La reprise est une consolidation. La baisse risque de reprendre jusqu'à 10,440 €. La tendance de fond serait remise en cause en cas de franchissement de 11,400 €.

Valérie GASTALDY

Short term view - GROUPE EUROTUNNEL : The recovery is a consolidation.

The trend is bearish. The recovery is a consolidation. The fall might resume toward €10.440. The background trend would be questioned should prices rise above €11.400.

Valérie GASTALDY

Short term view - GROUPE EUROTUNNEL : The trend is bearish.

The trend is bearish. The bounce is gaining strength. The bounce might end at the resistance at €11.400 and prices would fall again toward €10.440. The background trend would be questioned should prices rise above €11.400.

Valérie GASTALDY

Analyse court terme - GROUPE EUROTUNNEL : La tendance est baissière.

La tendance est baissière. Le rebond gagne en vigueur. Il est probable que cette reprise s'achève sur la résistance à 11,400 € et que les prix baissent à nouveau vers 10,440 €. La tendance de fond serait remise en cause en cas de franchissement de 11,400 €.

Valérie GASTALDY

Analyse moyen terme - GROUPE EUROTUNNEL : La tendance est haussière.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 10,000 €. La tendance serait remise en cause par la rupture de 10,000 €.

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