Stef turnover up 5.7%

Paris, France: Stef reports turnover up 5.7% to to €3,441bn for the year 2019.

The like-for-like increase for the period was 3.9%. But 2019 fourth quarter turnover slowed affected by slow growth in France growing at 2.6% to €888.2. Like-for-like growth was 1.6%

Stanislas Lemor, chief executive, Stef, said: “The Group sustained its business growth in 2019, with a slight slowdown in the final quarter. This shows the relevance of our specialisation strategy and our external growth policy.” 

“Our industrial co-packaging and co-manufacturing business, which now allows us to offer our customers combined services with transport and logistics, has also performed well.”

The integration of Dyad, a co-packing and co-manufacturing company, acquired on 30 September 2019, contributed €3.4m to Q4 turnover in 2019.

The integration of Transports Frigorifiques Grégoire Galliard (now Stef Transport Sens) and Netko (now Stef Raalte) contributed €2.7m and €2.3m, respectively.

“Turnover growth in France was impacted by a disrupted month of December. Growth in the chilled flows business levelled off in the fourth quarter as a result of slowing food consumption and a negative calendar effect,” Stef said in a statement.

“Retail activities saw strong development, driven by e-commerce, with the mechanisation of the Aulnay-Sous-Bois site and the opening of a new site in Aix-en-Provence.”

“Ambient and dry business achieved impressive growth thanks to the ramp-up of a new organisation based on two recent sites, enabling optimal support for European chocolate manufacturers,” Stef said.

Stef international business reported “healthy sales”. Portugal and Spain had a solid fourth quarter, with respective sales growth of 12.2% and 6.1% thanks to their improved transport network, it said.

Italy, which had a good year in 2019, saw growth slow in Q4 2019 due to the country’s drop in food consumption.

WORLD NEWS

Netherlands to Russia/China pilot rail service for fresh salmon

Duisberg, Germany: DBO Bahnopertor has run the first container train load of fresh salmon from the Netherlands to Russia and China. It is the first …

READ THE FULL STORY >

GCCA partners with Distillery Association for hand gels

Washington, DC, USA: The Global Cold Chain Alliance and the Distilled Spirits Council of the United States have a website to help distillers making hand …

READ THE FULL STORY >

Lineage Logistics helps Los Angeles in food campaign

Los Angeles, USA: Lineage Logistics working with NBA superstar, Anthony Davis’ Family Foundation to the boost the Help Feed the Frontline Fighting Covid-19 – LA …

READ THE FULL STORY >

Marken opens new site in Dublin

Dublin, Ireland: US-based Marken, a wholly owned subsidiary of UPS, has opened a new refrigerated site in Dublin. There are 75 pharmaceutical companies operating in …

READ THE FULL STORY >

WHAT’S ON

  • Engage Conference
    Talent in Logistics Engage Conference takes place on 21 April at Cranfield, UK

Latest Tweets

FTA launches logistics matching service: bit.ly/2wG2hLm

© 2020 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