Stef profit tops €100m

Paris, France: Stef, the French based temperature-controlled logistics provider reported turnover up 5.7% in 2019 with profits of €127.5m on a €3,441m turnover.

“As the group celebrates its centenary this year, Stef can build on impressive performance in 2019, thanks to the efforts of its 19,000 employees and the confidence of customers. For the first time in its history, the group achieved net income of €100m. 2019 saw operations and CSR improvements across the board,” Stanislas Lemor, chairman, Stef, said.

“The group also demonstrated its ability to transform, paving the way for future growth. Although Stef remains cautious about 2020 given the current business and public health climate, the group is confident in the resilience and balance of its business model,” he said.

Stef’s turnover rose 5.7% from €3,255.1 in 2018 to €3,441 in 2019. Ebit was € 162.9, up 18.7% on €137.2 in 2018.

Operating results in 2019 were €127.5 for Stef France and €139.2 for Stef International.

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