STEF Group announces turnover of €4.8 billion for 2024

STEF, a leading European provider of temperature-controlled transport and logistics services for food products, reported an 8.8% increase in fourth-quarter turnover (up 3.4% on a like-for-like basis) in an unpredictable environment.

Turnover

Change in turnover in Q4 2024 (in €M)
Q4	2023	2024	Change %	Like-for-like basis%
STEF France	612,9	619,7	1,1%	1,6%*
STEF International	3879	473,0	22,0%	5,2%
Other	155,6	165,4	6,3%	6,1%
TOTAL	1 156,4	1 258,1	8,8%	3,4%

Turnover

Change in turnover in Q4 2024 (in €M)
Q4	2023	2024	Change %	Like-for-like basis%
Group business lines	1 005,0	1 096,8	9,1%	2,9%
Sales	151,4	161,3	6,5%	6,5%
TOTAL	1 156,4	1 258,1	8,8%	3,4%

Breakdown by region and business line

STEF France

As was the case throughout the year, volumes handled by the Chilled Products and Seafood business lines continue to be impacted by the slowdown in food consumption. This trend, which is affecting the entire food sector, was particularly clear over the end-of-year holiday season.
The Frozen Foods business line is also suffering from a sluggish market, which is having a particular impact on related transport activities and warehouse fill rates.
The Retail, Foodservice and Chilled Supply Chain business lines continue to perform well, thanks to new tenders won this year. The Foodservice business line can now make the most of its extensive network of sites throughout France.

STEF International

Spain and Portugal are turning in solid performances thanks to a positive trend in food consumption and sustained business development.
Italy saw a major slowdown in its business, marked by operational difficulties in a shrinking market.
Despite a downward trending market, turnover in the UK was bolstered by the integration of Long Lane Deliveries, a Scottish company acquired last August.
Switzerland performed well, thanks to sustained sales growth and a positive currency effect.
Business in Belgium is experiencing positive growth, benefitting from the scope effects of the TransWest and TDL Fresh Logistics acquisitions.
Integration of the Netherlands continues to progress well but is being affected by the slowdown in international flows.

Cumulative turnover for 2024 was €4,800.8M, compared with €4,442.1M for 2023, an increase of 8.1% (+2.8% on a like-for-like basis).

Next publication

Annual results 2024: 13 March 2025 after markets close

Press contact: catherine.marie@stef.com - Tel.: +33 (0)1 40 74 29 64 / +33 (0)6 35 23 10 88

Website: www.stef.com

ISIN code: FR0000064271 – REUTERS Code: STE.PA – BLOOMBERG Code: STF.FP