The market share for cars using passenger shuttles through the Channel Tunnel increased to almost 58% in the first half of the year.
Owner Eurotunnel today reported a one percentage point rise in share despite the number of cars using the Le Shuttle service in the six months to June falling by 2% over the same period last year.
This came against a backdrop of an estimated 3% contraction in the overall short straits cross-channel car market in the first half of 2017, according to the company.
This helped push up shuttle service revenue by 3% to €284.7 million year-on-year – the largest contributor to an overall figure of €497 million.
Eurotunnel also reported a 1.4% recovery in Eurostar high speed train traffic in the period to more than five million passengers, despite terrorist attacks in the UK in the period.
Revenue from Eurostar and rail freight trains using the Channel Tunnel rose by 4% to €146 million.
Reporting a €5 million rise in half year net profits to €30 million, Eurotunnel chairman and chief executive Jacques Gounnon said: “Over the past 10 years, the group has focused its business model on value creation through the quality of service provided.
“The economic outlook for the next two years remains good and enables us to confirm our objectives.”
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