Eurostar Reports Strong Growth in 2010

Eurostar, the high-speed rail service between the UK and mainland Europe, has reported an increase in overall sales revenue in 2010 compared with 2009. Sales revenue for the year increased 12% on 2009, from £675.5m to £760m.

The number of passengers travelling on Eurostar in 2010 rose to 9.5 million compared with 9.2 million during 2009, an increase of over 3%.

Nicolas Petrovic, Chief Executive, Eurostar, said, “We have reported a strong performance in 2010 with growth in both sales revenues and passenger numbers. The turnaround in the business market continued in the second half of the year. We are also starting to see a real shift in behaviour as customers are increasingly keen to explore new destinations by high speed rail.”

2010: A Transformational Year for Eurostar

On 1 September 2010, Eurostar achieved its ambition of transforming its business from a partnership between three railways – SNCF, LCR and SNCB – to a single, unified corporate entity. This new structure puts Eurostar in a strong position to compete in an open-access world of on-rail competition.

At the same time, Eurostar also announced a major capital investment of £700m in its fleet. This programme of investment which begins this year includes the complete overhaul and redesign of its existing fleet as well as the purchase of 10 new trains. The new Eurostar e320 trains will be equipped to travel direct to a range of city centre destinations beyond Eurostar’s main routes of London-Paris and London-Brussels.

Nicolas Petrovic said, “This is an exciting time for our passengers and our industry. With the expansion of new routes and services we are witnessing a real renaissance in rail travel. The combination of shorter journey times and environmental concerns are prompting more and more customers to choose high speed rail over plane. As the key link between the UK and the continent we see considerable potential for growth and expansion in an open-access world.”

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