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Q3 2022 turnover

Finance

Résultats annuels 2019
• 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.

STEF, a specialist in temperature-controlled transport and logistics for food products, is announcing turnover of €1,113.8 million for the third quarter of 2022. 


Growth in turnover in Q3 2022 (in € m)

Q3

2021

2022

%
change

%
like-for-like

STEF France

535.4

609.6

13.9%

11.8%

STEF International

255.9

356.4

39.3%

16.0%

Maritime

26.3

28.7

8.8%

8.8%

Other

102.5

119.2

16.2%

16.2%

TOTAL

920.1

1,113.8

21.1%

13.4%

     

Q3

2021

2022

%
change

%
like-for-like

Group business lines

823.4

1,000.8

21.5%

13.0%

Sales for third parties

96.7

113.1

16.9%

16.9%

TOTAL

920.1

1,113.8

21.1%

13.4%

 

Quarterly breakdown by region and business line


STEF France

  • The third quarter was marked by positive business momentum in most regions, reflected in the start of several new contracts. 
  • However, the business activity of our existing customers showed signs of slowing down at the end of the period.
  • The out-of-home foodservices sector continues to be driven by robust momentum in the fast-food industry 
  • The retail and frozen food sectors remain somewhat sluggish. 

STEF International 

  • The latest acquisitions – Langdons in the United Kingdom, Groupe TTC in Spain, Frigosuisse – contributed to the resilience in turnover and marked an important stage in the Group's international development (36% of turnover generated outside France).
  • All the countries posted strong turnover trends. This was particularly true of Spain, which had an excellent summer season, and Switzerland, thanks to the start of a major contract

Maritime  

  • Turnover for the Tangier line came out at €8.8m, up 2% from 2021 (+5% in the number of crossings) but remained below forecasts in terms of freight and passengers.
  • Turnover for Corsica was driven by brisk passenger business, the number of passengers carried rising 11% over the period.

 


Next publication:
Q4 2022 revenue: 26 January 2023, after market close