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Extended interruption for ElecLink: Getlink announces additional delays

Graphique de l'évolution du cours de l'action GETLINK (EPA:GET).

Getlink has announced that the ElecLink electricity interconnector, linking France and Great Britain, will remain inactive until February 10, 2025. Initially suspended on September 25, the interconnector suffers from a structural weakness on the French side. A second problem, probably related, was detected during technical tests.

The repairs require a specific work plan including the replacement of a section of cable. This suspension could result in an estimated commercial loss of around €11 million by the end of 2024. For the first six weeks of 2025, the impact could reach €30 million.

Despite these challenges, the group's 2024 annual EBITDA targets remain unchanged. A conference call will be held for analysts and investors to discuss the financial implications.

R. H.

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