STEF

STF

Equity

ISIN FR0000064271 / Valor 921829

Euronext - Euronext Paris (2024-12-23)

EUR 129.20%

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

STEF reported a revenue of €4,442.10 million for the full year of 2023, marking a 6.80% increase compared to the restated revenue of €4,159.70 million in 2022. This growth was driven by strategic acquisitions and strong international performance.

Operating Profit

The operating profit (EBIT) for STEF in 2023 was €253 million, an 8.40% increase from the restated €233.5 million in 2022. This improvement reflects the company's successful strategic shift and operational efficiencies.

Net Income

STEF's net income (Group share) for 2023 was €191.6 million, a significant rise from the €146.4 million reported in 2022. This increase was bolstered by the sale of maritime activities and robust international growth.

Dividend Policy

STEF continues its policy of distributing one third of its income as dividends. For 2023, this translates to €5.10 per share, which will be proposed for approval at the General Meeting on 25 April 2024.

Outlook for 2024

STEF enters 2024 with confidence, despite ongoing challenges in food consumption. The focus will be on executing the Committed to a Sustainable Future strategic plan and integrating recent acquisitions to drive further growth.

Summarized from source with an LLMView Source

Key figures

12.7%1Y

27.4%3Y

61.1%5Y

Performance

26.4%1Y

25.2%3Y

27.5%5Y

Volatility