Anglo-French subsea rail link operator Eurotunnel has lowered its 2016 and 2017 guidance for core profit as a result of the post-Brexit drop in the pound.
Eurotunnel carries the Eurostar high-speed trains between Paris, Brussels and London.
It lost as much as a third of its value in the immediate aftermath of the Brexit vote despite offering reassurances that it would not suffer.
Eurotunnel made two-thirds of its €1.22 billion in revenue last year from the shuttle services, with Britons making up 80% of car passengers.
The company said today it was lowering its forecast for 2016 EBITDA (earnings before interest, tax, depreciation and amortisation), excluding MyFerryLink, by about 4.5% to €535m.
It also lowered its 2017 EBITDA outlook, excluding MyFerryLink, by about 4.3% to €579m.
Eurotunnel, which also shuttles trains containing passenger cars, buses and trucks, said the impact of Brexit on cross-Channel transport was uncertain.
But it added that it did not expect any significant impact on its activities in the short term.
"Despite the financial market uncertainty generated by the UK voting to leave the European Union, the group remains confident in the performance of its economic model and in its outlook," its chief executive Jacques Gounon said.
The first half of 2016 saw a 3% decrease in Eurostar passenger traffic due to attacks in Brussels in March and rail strikes in Belgium and France, the company said.
However, Eurotunnel said truck shuttle traffic was up 10% in the first half of 2016, with almost 830,000 trucks transported.
The company reported a 4% increase in EBITDA for the first half of 2016 to €249m.
First half revenue was up 2% at €582m, Eurotunnel said.
The company's shares have recovered some losses from Brexit lows, closing 16% below pre-Brexit levels yesterday.
