Channel Tunnel operator Eurotunnel saw revenues break through the €1 billion (£819 million) barrier for the first time last year.

The company said it had benefited from the recovery in the UK economy.

High-speed Eurostar train traffic was up 2% to 10.2 million passengers, with overall revenues climbing 12% to €1.1 billion.

Eurotunnel expects further growth with the launch of London-Lyon-Marseille services in 2015 and London to Amsterdam in 2017.

The number of cars carried on shuttle services increased by 2% to 2.48 million vehicles, while there was a 9% increase in coach traffic, which rose to 64,507 vehicles.

Subsidiary MyFerryLink generated revenue of €74.3 million and transported 326,274 trucks in its first full year of activity.

Chairman and chief executive Jacques Gounon said: “The tunnel’s inherent advantages of speed, reliability and respect for the environment are clearly popular with customers. The increase in the number of passengers transported is the proof.”

The company has transported 325 million passengers between Britain and France since opening 20 years ago.

“Following an exceptional year in 2012 with the London Olympic Games, truck traffic in 2013 has returned to its historic levels in a highly-competitive market,” the company said.

“Eurotunnel has shown its underlying strength, as can be seen in its market share which, at 38.6% for the year, remained above the average market share recorded before 2012.”