Eurostar Profit Boosted By More Foreigners

A boost in the number of non-EU passengers helped Channel Tunnel high-speed train company Eurostar more than double operating profits last year.

Carrying an increased number of American, Brazilian and Australian travellers, Eurostar saw its operating profit rise from £25m in 2011 to £52.3m in 2012.

In total, the company carried 9.9 million passengers last year compared with 9.7 million in 2011.

Sales revenue, though, was affected by exchange rate movements during the year and was fractionally down - reaching £799m in 2012 compared with £803m in 2011.

Passenger numbers were strong after the Olympics, with traffic up 5% in the last three months of last year compared with the October-December 2011 period.

While business passenger numbers remained flat last year, the leisure travel market rose 3%.

Non-EU passenger numbers grew 8% in 2012, as value improved for foreigners amid weakening of both the pound and euro against key currencies.

Eurostar chief executive Nicolas Petrovic said: "Despite the challenging economic climate, we delivered a strong performance in 2012.

"The combination of the Olympic Games and the Jubilee gave London a major boost - showcasing the city as a prime travel destination.

"Growth in traveller numbers was particularly strong in the fourth quarter of the year as European and international travellers flocked to the capital."

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