A no-deal Brexit could wipe EUR15 million off this year's pre-tax earnings for Eurotunnel operator Getlink, it says.

The concern was voiced even as it announced pre-tax earnings for 2018 were up nine per cent to EUR569 million.

 

The company has a target of EUR560 million this year if Britain leaves the EU in March without a deal, but EUR575 million if an agreement is reached.

 

The company has however put in place a series of initiatives ahead of the expected March 29 exit date. They include a veterinary and phytosanitary Customs zone and border inspection post for the French authorities, e-gates for passengers plus a larger investment in IT.