Stef’s revenue and pre-tax profit both up

Paris, France: Stef, a European temperature-controlled logistic provider, reported pre-tax profit up 10.4% to €52.2m for 2011.

Revenue was up 11.8% to €2,300.3m, despite a slight drop in food consumption in countries where it operates, driven by gains in market share, the acquisition of three companies and new contracts during the second half of 2011. Pre-tax earnings (EBITDA) were up 0.5% to €163.4m.

“With the strength of a single brand, Stef entered the year 2012 with confidence.  The carry-over of big logistics contracts signed in 2011 across Europe should enable the group to further increase its operating income,” the company said in a statement.

The board proposes a dividend payment of a €1.38 per share, up 10.4% on last payment’s payment, an increase in line with the rise of the group’s net income.

From July the functions of chairman and managing director will be separated: Francis Lemor will remain chairman of Stef, Bernard Jolivet will remain vice-chairman, Jean-Pierre Sancier, presently managing director of the logistics arm of Stef, will become group managing director.  Three deputy managing directors will be Serge Capitaine, in charge of sales and marketing, Bruno Duquenne, in charge of European business, and Stanislas Lemor, in charge de of administration and finance.


Daimler Trucks goes electric

Stuttgart, Germany: Daimler Trucks plans a range of electric trucks for urban distribution and long-haul transport and has launched a concept vehicle to demonstrate the …


Krone boosts telematics services

Werlte, Germany: Trailer maker Krone and Shippeo, which makes automated tracking systems, have partnered to provide real-time estimated time of arrival (ETA) for Krone’s trailer …


European Cold Chain Conference set for Rotterdam in November

Rotterdam, Netherlands: The 23rd GCCA European Cold Chain Conference is scheduled for 23 – 25 November 2020 at the Hilton Rotterdam. The conference for temperature controlled professionals will see …


Polish pharma firm opens new warehouse

Głogów. Poland: Polish pharmaceutical company Arra Group has opened a new temperature-controlled warehouse in Poland near Poznań. The company says the warehouse is in a …



  • Cold Chain Insight
    Cold Chain Insight into Energy, 16-20 November – the first of the new virtual insight series

Latest Tweets

The Cold Chain Leaders 2020 report (formerly Top 25) is out now, priced £99. See for details. #logistics #coldchain #SupplyChain #temperaturecontrol

© 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