STEF announces growth of 5.7% in the 1st quarter of 2024

STEF, specialist in transport and logistics for temperature-controlled food products, recorded a turnover of 1,139 million euros for the first quarter of 2024, up 5.7% compared to the same period of the previous year. This growth is significantly driven by international operations which, for the first time, represent more than 40% of the group's turnover.

In detail, STEF France sees a slight increase of 0.3% in its turnover, despite a difficult consumer environment which continues to affect refrigeration activities. International activities, on the other hand, posted strong growth of 18.1%, helped by the latest acquisitions in Northern Europe. Other activities, however, suffered a drop of 3%.

Sales of goods for the Foodservice activity recorded a slight decline of 2.3%. Nevertheless, the Foodservice activity in France benefits from strengthened commercial dynamics and new contracts.