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.

WORLD NEWS

Krone Cool Liner celebrates 25 years

Werlte, Germany: Krone launched its first refrigerated trailer in 1996 and to mark the 25th anniversary a special Edition of the trailer is being launched. …

READ THE FULL STORY >

Bollore Logistics to open new pharma unit

Roissy, France: Bolloré Logistics is to handle healthcare product in its Roissy hub with an 800m2 extension of a pharmaceutical unit. This will give Bolloré …

READ THE FULL STORY >

New coldstore for Brussels Airport

Brussels, Belgium: Brussels Airport has opened refrigerated storage for Kuehne+Nagel, Worldwide Flight Services and Expeditors. Kuehne+Nagel is expanding its activities at Brussels Airport for handling …

READ THE FULL STORY >

Cryoport buys Australian logistics provider

Nashville, Tennessee, US: Cryoport has acquired Critical Transport Solutions Australia for US$5million.It will continue to be run by the current management team but as part …

READ THE FULL STORY >

WHAT’S ON

Latest Tweets

Hultsteins appoints Longhurst Refrigeration as its UK aftersales service partner: bit.ly/3x65xK8 pic.twitter.com/pm8lz8b0iD

© 2021 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