Groupe STEF reports total sales of 1106 ME for the 3rd quarter, up 2% on the same period a year earlier.

Excluding sales of goods for out-of-home catering, sales came to ME 959, down 1.3% (-3.3% on a like-for-like basis).

The downturn in consumer spending continued to impact sales in France, which fell sharply, down 4.4% (ME 583).

On the other hand, international activities posted a satisfactory growth rate (+4.5%, to ME 372), benefiting from the effects of external growth in Italy.

The Group indicates that, for the final quarter, it will remain vigilant with regard to the evolution of the various economic indicators (consumption, inflation and interest rates), and will focus on finalizing the acquisition of the Belgian company TransWest, specialized in transport and logistics services for frozen food products.


Copyright (c) 2023 CercleFinance.com. All rights reserved.