Steady growth for Stef

Paris, France: French temperature controlled logistics provider Stef reports turnover up 8.8% to €2,502m and operating profit up 13.5% to €96.5m for the year ending 2012.

Turnover was up 5.9% on a like for like basis. Signs of a poorer economic environment which appeared during the second semester did not affect Staf’s performance the company says.

Performance was attributed to:

  • Increased market share in logistics activities for restaurants and catering;
  • The revival of a selective external growth momentum (Euromerck in Spain, GCT in Portugal, GEFA and KLS in France);
  • Italy’s positioning on value-created contracts which brought back positive results;
  • The higher range of services offered by La Méridionale to Corsica, with the first full operational year for the Piana;
  • Operations’ productivity profits, particularly through a better use of the self-owned fleet.

These measures overcame a stagnant frozen food market. Fresh product volumes increased by 2.5%, Stef says.

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