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.”

WORLD NEWS

ELMS and Thermo King build all-electric prototype

Troy, Michigan, USA: Electric Last Mile, (ELMS) and Thermo King, are collaborating to build a first-of-its-kind all-electric refrigerated delivery vehicle. Thermo King will integrate its …

READ THE FULL STORY >

Lineage Logistics and 8VC partner for expansion

Austin, Texas, USA: Venture capital firm 8VC and Lineage Logistics have formalised their alliance to invest in transport and logistics businesses. The companies have long …

READ THE FULL STORY >

Cargo-partner buys Czech company Gibon Logistics

Prague, Czech Republic: Cargo-partner has acquired Czech company Gibon Logistics to boost its coldchain services in the Czech Republic. Milan Lani, director product management contract …

READ THE FULL STORY >

Stef turnover recovers to pre-pandemic levels

Paris, France: Stef reports its second quarter turnover up 19.3% to €848.8m on like-for-like sales. Group turnover totalled €1,636.8 million for the first six months …

READ THE FULL STORY >

Latest Tweets

The Cold Chain Federation has acquired Commercial Transport Publishing, the owner of Cold Chain News and website Global Cold Chain News: bit.ly/2W5v0p7 pic.twitter.com/OfJKAiGELM

© 2021 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 7 Diddenham Court, Lambwood Hill, Grazeley, Reading RG7 1JQ