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Q3 2025 revenue 

De Groep bevestigt dat de omzet de goede richting uitgaat, dankzij de positieve randeffecten van de recente overnames. 

The Group confirms that its revenue is trending in the right direction, thanks to the positive scope effects of recent acquisitions. 

Ontwikkeling van de omzet 

Q3 revenue (in €M) 2024 2025 Change % Change on a like-for-like basis%
STEF France 605,3 623,6 3,0% 3,0%
STEF International 466,5 501,2 7,4% 4,2%
Other 145,7 173,4 19,0% 19,0%
TOTAL 1.217,50 1.298,3 6,6% 5,4%
Q3 revenue (in€M) 2024 2025 Change % Change on a like-for-like basis%
Group business lines 1.075,8 1.128,6 4,9% 3,5%
Sales of goods for Foodservice 141,7 169,7 19,8% 19,8%
TOTAL 1.217,5 1.298,3 6,6% 5,4%

Breakdown by region and business line

STEF France

  • Network transportation activities saw stable volumes transported in Q3, with high volatility over the period. In addition, the Seafood business offset the sluggishness of the sector by capturing new flows.
  • The development of the Fresh Supply Chain business is based on increased logistics capacity and the arrival of new customers.
  • The Frozen Foods business has maintained a stable fill rate.
  • The Retail business recorded sustained growth, driven by active collaboration with existing customers.
  • The solid growth of the Foodservice business is based on the increase in volumes linked to the new contracts starting up in 2025. 

 

STEF International 

  • Business in Italy continued to recover, helped by a still buoyant market.
  • In Spain, revenue has grown significantly, driven by the rise in food consumption.
  • Portugal is growing strongly, boosted by the arrival of a new customer and the growing strength of the Foodservice sector.
  • Business in the UK remained stable, bolstered by the successful integration of Long Lane Deliveries.
  • The Benelux region is continuing the process of integrating the companies acquired last year, Bakker and TDL Fresh Logistics, with the recent introduction of common business tools.
  • In Switzerland, revenue continued to grow, benefiting from a favourable exchange rate effect.

Summary 

While revenue growth in Q3 brings the Group closer to its target of €5 billion (including external growth), the pressure on margins described at the time of the half-year results presentation will continue to impact results until the end of the year. 

Cumulative revenue to the end of September 2025 totalled €3,772M (up 6.5% on the same period in 2024).

 

Next publication

Q4 revenue: 22 January 2026, after markets close

Media contact: catherine.marie@stef.com

ISIN code: FR0000064271 - REUTERS Code: STF.PA - BLOOMBERG Code: STF.FP