Acquisitions keep Stef turnover steady

Paris, France: Stef reports consolidated turnover for the 1st quarter of 2013 up  3.7 % €618.9m.

The group’s business development remained steady with the turnover increase primarily due to acquisitions made in late 2012. In November 2012, the group acquired a specialist catering company which generated a €21.9 turnover during the first quarter including €19.5m sales on behalf of others.

Logistics business in France was the other main growth area lifting turnover 5.8 % to €104.7m. “All logistics activities remained on a positive trend at the beginning of the year, despite the negative impact of recent incidents on the beef market. The capacity ratio in the frozen sector is satisfactory (86.5%), which is consistent with stock increases due to a consumption slowdown,” Stef says in a statement.

Transport sales were particularly affected by a decrease in food consumption, an unfavourable calendar (-3.1%) and adverse weather conditions.

In the Iberian peninsula, the difficult economic climate and the decline in food consumption led to a fall of volumes in retail logistics. It was partially offset by the development of transport activity for the food industry. Excluding acquisitions, sales were down 2.9%. says Stef.

WORLD NEWS

Cryoport buys Australian logistics provider

Nashville, Tennessee, US: Cryoport has acquired Critical Transport Solutions Australia for US$5million.It will continue to be run by the current management team but as part …

READ THE FULL STORY >

IWX Motor Freight uses Orbcomm to monitor trailers

Springfield, Missouri, US: IWX Motor Freight is using Orbcomm systems to track, monitor and control its refrigerated trailers. IWX, which hauls produce and pharmaceuticals from …

READ THE FULL STORY >

Transfesa Logistics and Euro Pool System collaborate on CoolRail

Valencia, Spain: Transfesa Logistics and Euro Pool System have begun collaborating on CoolRail routes, transporting fresh produce, in a bid to extend the services throughout …

READ THE FULL STORY >

Got milk? an entrepreneurial story

Chapel Hill, North Carolina, USA: Coronavirus has not been all bad news: Maple View Mobile milk delivery business experienced 500% growth during Covid-19. The North …

READ THE FULL STORY >

WHAT’S ON

Latest Tweets

@MartinSLewis Thought I heard Rishi Sunak say that SEISS 5 would cover May-September (same as furlough?). Might be wrong!

© 2021 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ