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

Westfleisch takes 15 new Kogel Cools

Burtenbach, Germany: Wetralog, part of food logistics business Westfleisch has purchased fifteen Kogel Premium freezer trailers for its fleet from Kögel. Wetralog will use the …

READ THE FULL STORY >

Thermo King expands reefer maintenance program

Minneapolis, USA: Thermo King has launched a new service agreement program. Performance Advantage provides customers with a set of maintenance programs designed to extend the …

READ THE FULL STORY >

Chereau trials hydrogen powered refrigeration

Avranches, France: Chereau is introducing a hydrogen-powered refrigerated trailer as part of its Inogam Evo project. Hydrogen is a clean energy source and the total …

READ THE FULL STORY >

US trial for self-driving delivery van

Houston, Texas, USA: Nuro is to test a self-driving delivery vehicle designed without basic human controls such as steering wheels. The vehicle is Nuro’s second …

READ THE FULL STORY >

WHAT’S ON

Latest Tweets

Look out for our Courier Guide in our next issue of Cold Chain News, out later this month.

© 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