STEF: Financial report for the 4th quarter of 2024

The STEF group, a major player in the transport and logistics of temperature-controlled food products, has announced a turnover of 4.8 billion euros for the year 2024. This figure represents an increase of 8.1% compared to 2023, despite a more modest increase of 2.8% at constant scope. In the fourth quarter, turnover increased by 8.8%, driven by the acquisition of new companies, although food consumption is down in Europe.

In France, growth was limited by low consumption during the festive period, impacting the Fresh Flow and Seafood sectors. However, the GMS, Foodservice and Fresh Supply Chain activities experienced good momentum. Internationally, Spain and Portugal recorded good performances, while Italy suffered a slowdown. In the United Kingdom, the integration of Long Lane Deliveries supported results.