Eurostar reports strong 2011 growth

Rail firm Eurostar has posted strong figures for the 2011 financial year.

Travel Insurance News - 08/03/2012

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A statement issued on Thursday by the cross-channel rail link operator on Thursday said that the company carried 9.7 million passengers in 2011, marking a 2 per cent rise on the year prior. Similarly, revenues jumped by 6 per cent from 2010 to £803 million whilst net profits reached £20.8 million.

Chief executive of Eurostar, Nicolas Petrovic, said in a press release, “Eurostar continues to make good progress against a difficult economic backdrop and ongoing uncertainty across Europe. Over the last year we have invested in upgrading our service and product and this has resulted in strong growth in sales revenues and passenger numbers. Having completed our first financial year as a standalone business and delivered a strong performance we are now well positioned to build on this momentum”.

“The continued investment in both our service and our product has seen customers returning to us again and again. This vote of confidence from our passengers delivered one of our busiest weekends on record during the wedding of Prince William to Kate Middleton last year, reinforcing our position as the operator of choice between the UK and near continental Europe,” he added.

Petrovic went on to say, “As we look to the year ahead, the combination of the London 2012 Olympic Games and the Queen’s Diamond Jubilee, will make the capital one of the ‘hottest’ destinations in the world this year. As a proud sponsor of the Games, we are well advanced in our preparations and are looking forward to playing an integral role as the key link between London and near continental Europe”.

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