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Full-year 2008 results

Published : 27-03-2009

STEF-TFE's net income for 2008 was 45.7 million euros (-7%). EBITDA rose to 162.9 million euros (+4,2). Operational income increased by 2,7%, to 85.4 millions euros.

The Board of directors approved its accounts for 2008 during a meeting chaired by Francis Lemor on March 26, 2009.
Consolidated sales reached €2,081 million, a 7.7% increase over 2007, mostly due to a good first semester. This increase is partially due to the integration of the Cavalieri group (only six months in 2007). On a like-for-like basis, the growth rate reached 4,4%. Business remained brisk during the first half of 2008, while the second semester was impacted by a marked slowdown felt in every European country.