Stef holds turnover despite uncertainty

Paris, France: Temperature-controlled food logistics company Stef saw a limited drop in turnover in the first quarter of 2021, despite the uncertainties surrounding the health situation and economic environment.

Overall, turnover of €788m was down just 2.8% on a like-for-like basis for the quarter. Group turnover in France was down 3.1% as a result of ongoing lockdown measures linked to the health crisis. Foodservice and seafood remained the two market segments most affected. Frozen goods continued to show a warehouse fill rate of nearly 90%.

Stanislas Lemor, chairman and chief executive, Stef, said: “The health situation and economic environment remained uncertain in early 2021, which naturally continued to impact business across all countries in which the group operates. The limited drop in Q1 turnover is further proof of the solid resistance and even spread of our activities. Resilience in the agrifood sector has allowed the group to maintain its roadmap and continue investments in 2021.”

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