(AOF) – In July 2023, LeShuttle Freight transported 97,577 trucks amid slowing consumption by British households. Since January 1, more than 722,000 trucks have crossed the Channel aboard the Shuttles. LeShuttle transported 263,040 passenger vehicles in the month of July 2023, a decrease of 3% compared to July 2022, due to the impact of the urban riots in early July in France.
With nearly 1.3 million passenger vehicles transported since January 1, LeShuttle Shuttle traffic is up 11% compared to the same period last year.
The publication of traffic figures for the month of August will take place on Tuesday September 12, 2023 before market opening.
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Key points
– Rail carrier operator of the cross-Channel line under concession until 2086, providing 70% of Channel crossings by car and 40% by truck, diversified in rail freight and logistics under the Europorte brand and the electrical interconnection under the Eleclink brand;
– Group revenue of €774 million organized into 3 branches: Fixed Link for the Channel concession (88% of revenue), Europorte for rail freight (12%) and Eleclink, future electrical interconnection between France and Britain ;
– Business model based on the recurrence of results by:
– the generation of additional turnover in the cross-Channel link for a minor marginal cost, the infrastructures having already been completed and profitability constantly increasing for 13 years,
– complementarity with rail freight in France and Eleclink;
– Open capital (Effage being the leading long-term shareholder with 18.79% of the shares ahead of Atlantia with 15.5%), Yann Leriche being CEO and Jacques Gounon chairman of the 15-member board of directors;
– Debt still high with a duration of 18 years but €597 million in cash available at the end of September.
Challenges
– “Ambitions 2022” strategy with confirmed objectives of an operating profit of €735 million and an annual increase of €0.05 in the dividend;
– Innovation strategy reinforced by the creation of the “engineering and projects” department and based on 2 pillars:
– data analysis to optimize predictive maintenance and equipment,
– a global platform ensuring collection, visualization, prediction and cybersecurity…;
– 2025 environmental strategy validated by the SBTi, with 3 challenges – energy transition & climate, preservation of natural environments and waste & circular economy:
– 30% reduction in direct emissions in 2025 (vs 2019) and carbon neutrality in 2050, with an intermediate objective of -15% in 2023,
– almost 100% energy consumption without CO2 emissions,
– after the creation of 37 natural hectares, improvement of air quality and objective of reducing drinking water use by 10%,
– towards 3 partnerships or service offers in the circular economy:
– issues of green bonds to finance Eleclink;
– Rapid deployment of Eleclink, operational since May: 2.3 TWh of electricity transfer via the tunnel.
Challenges
– Stock market catalysts: new Eurostar destinations (expectation of a Bordeaux-London line), strengthening in port logistics, obtaining contracts by Europorte, interest rates;
– Negative impact of the rise in interest rates on debt service (€134m at the end of June vs operational self-financing of €283m);
– Energy sobriety: objective of a 9% reduction in electrical commissions in 2024 and participation in the EcoWatt charter with RTE;
– After a 71% increase in revenues at the end of September (and a doubling in the 3rd quarter), the desire for 2022 to continue improving financial, operational and environmental performance.
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The challenges of water recycling
According to a report by the World Economic Forum, the demand for water will jump by 55% by 2050. However, only 11% of water is recycled worldwide, with strong disparities depending on the country: if this rate reaches 89% in Israel, it drops to 15% in Spain. It is even less than 1% in France! The leader of Veolia nevertheless estimates that the rate of 10% targeted by 2030, within the framework of the new Water plan announced by the authorities, is achievable under certain conditions. First and foremost is administrative simplification. Veolia is committed to tripling its production of recycled water by 2030 to bring it to 3 billion m3. In this field, the world leader in environmental services strengthened its know-how during its takeover bid on the former Suez group.