STEF

STF

Equity

ISIN FR0000064271 / Valor 921829

Euronext - Euronext Paris (2025-03-14)

EUR 122.40-7.97%

STEF
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About company

STEF is a European leader in temperature-controlled logistics, specializing in the transport and logistics of food products. With over 100 years of experience, the company plays a crucial role in the food supply chain, serving producers, distributors, and restaurateurs. STEF operates across eight European countries, boasting a network of more than 270 company-owned hubs and warehouses. The company is known for its comprehensive range of services, including groupage, batch transport, national and international flow organization, stock management, and order preparation. Additionally, STEF is committed to sustainability, focusing on reducing the environmental impact of its operations. Employing around 22,000 staff, STEF is an independent group, notable for its unique employee share ownership model, with 72.84% of its capital held by management and employees.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

In the 2023 financial year, STEF reported a revenue increase of 6.80%, reaching €4,442.10 million compared to the restated €4,159.70 million in 2022. This growth was driven by strategic transformations, including the sale of maritime activities and acquisitions in Belgium and the Netherlands.

Operating Profit

STEF's operating profit (EBIT) for 2023 rose by 8.40% to €253 million, up from the restated €233.5 million in 2022. This improvement reflects the company's focus on its core business and successful international expansion, despite challenges in food consumption and inflation.

International Performance

STEF International saw a significant increase in turnover, rising 11% to €1,481 million in 2023. This growth was largely attributed to strong performances in the Iberian Peninsula and Italy, as well as strategic acquisitions in Belgium and the Netherlands.

Dividend Policy

For 2023, STEF maintained its dividend distribution policy, proposing a dividend of €5.10 per share, which represents one third of its income. This proposal will be submitted for approval at the General Meeting on 25 April 2024.

2024 Outlook

Looking ahead to 2024, STEF remains confident despite potential challenges in food consumption. The company plans to continue implementing its Committed to a Sustainable Future strategic plan and focus on integrating recently acquired companies to drive further growth.

Summarized from source with an LLMView Source

Key figures

-5.56%1Y

27.9%3Y

72.2%5Y

Performance

25.4%1Y

24.9%3Y

27.3%5Y

Volatility