• International operations, which now account for one third of turnover, continued to drive growth.
• Sluggish food consumption in France has impacted turnover, while the inflationary environment
is slowing down.
The Group has announced that it has signed an agreement to acquire BAKKER Logistiek.
• The decline in consumption continued to impact turnover in France, which fell sharply.
• International activities posted a satisfactory growth rate, buoyed by the effects of external growth in Italy.
STEF Group announces the signature of an agreement for the acquisition of TransWest. This project will provide new added value offers to the international and domestic customers of both companies.
• Moderate growth in sales (+3.5% on a like-for-like basis, excluding sales of goods for out-of-home foodservice) and stable pre-tax income in a context of continuous decline in the volumes of food products transported in Europe.
• Sale of the Maritime division to CMA CGM.
The first six months of STEF and QSL working together in Portugal to support their client Burger King have been positive.
• The sharp decline in food consumption continued in most European countries, in particular France, where turnover was down.
• International activities drove growth and accounted now for 38% of the Group’s turnover (excluding sales of goods for out-of-home foodservice).
• The quarter was marked by a decline in food consumption in Europe, a direct consequence of household trade-offs during a period of inflation.
• The Group remains confident in the strength of its model and its ability to continue to develop its core business activities profitably and sustainably.
• A year driven by strong momentum with 22% growth in revenue and current operating income up 13%.
• A significant contribution from acquisitions made in 2021 and 2022, strengthening our position in Europe.
• Inflationary pressures and substantially higher energy prices have affected the current operating margin, which stands at 4.7% (compared to 5.1% in 2021).
• Q4 2022 revenue, up 12.6% on a like-for-like basis, showed a very slight slowdown in growth momentum.
• The Group is confident in its ability to meet the targets of its new 2022-2026 strategic plan.
Committed to a sustainable future
• Third-quarter performance was bolstered by the impact of external growth in four countries: France, UK, Spain and Switzerland.
• The sharp rise in energy prices continued to weigh on the geopolitical and economic environment.