Full-year 2009 results

Meeting under the chairmanship of Francis Lemor, the Board of Directors approved on March 24 the accounts for 2009.
During a first half of the year marked by a low and volatile activity, STEF-TFE implemented measures to reduce its breakeven point. During the second part of the year, business gradually picked up and profitability progressively returned to a level comparable to last year’s.
Turnover remains down 4.7% over the full year 2009 (-1.6% discounting fuel price fluctuations).