Market Closed -
Euronext Paris
11:35:22 2024-05-02 am EDT
5-day change
1st Jan Change
125.2
EUR
-1.57%
-5.72%
+9.63%
Stef : Presentation of 2023 annual results
March 08, 2024 at 11:37 am EST
1
ANNUAL RESULTS 2023 - 08/03/2024
Connecting Food Market Players
HIGHLIGHTS
FINANCIAL PERFORMANCE
OPERATIONAL PERFORMANCE
EXTRA-FINANCIAL INFORMATION
OUTLOOK
2
ANNUAL RESULTS 2023 - 08/03/2024
Connecting Food Market Players
3
ANNUAL RESULTS 2023 - 08/03/2024
Connecting Food Market Players
REFOCUSING ON
OUR CORE BUSINESS
Sale of the maritimes activities, allowing the Group to expand in Northern Europe
Acquisition of TransWest in Belgium
200 employees
Turnover: €72m
2 sites and 250 vehicles
Acquisition of BAKKER Logistiek in the
Netherlands
1,400 employees*
Turnover: €147m
6 sites and 325 vehicles
*direct and indirect
4 ANNUAL RESULTS 2023 - 08/03/2024
Connecting Food Market Players
DETERIORATED
ECONOMIC CONTEXT
A year marked by inflation on food products, leading to a decrease in consumption
A strong increase of interest rates
5 ANNUAL RESULTS 2023 - 08/03/2024
Connecting Food Market Players
6
ANNUAL RESULTS 2023 - 08/03/2024
Connecting Food Market Players
SATISFYING GROWTH OF THE TURNOVER
+6.8%
+4.4% like-for-like
+€150m
+€50m
+€97m
Other
-€15m
International
Change in scope
incl. sales of goods
France
for out-of-home
foodservice
+€157,5m
€4,160m
€4,442m
2022
7
ANNUAL RESULTS 2023 - 08/03/2024
2023
Connecting Food Market Players
A GROWING OPERATING INCOME
THANKS TO INTERNATIONAL ACTIVITIES
+8.4%
-€17.2m
+€32.2m
+€4.6m
Other
France
International
*Margin rate on turnover excluding sales of goods for out-of-home foodservice
8
ANNUAL RESULTS 2023 - 08/03/2024
Connecting Food Market Players
Gains on real estate asset sales
10.9
0.3
Gains on vehicle sales
0.8
1.6
Asset impairment and write-offs
(3.1)
(0.1)
Other income and expenses
(8.1)
4.0
Other operating income and expenses
0.5
5.8
9
ANNUAL RESULTS 2023 - 08/03/2024
Connecting Food Market Players
Euribor 3M average
0.35%
3.43%
3.08%
Net debt end of period
1,072.7
1,045.5
(27.2)
Net financial expenses
(8.1)
(25.2)
(17.1)
10
ANNUAL RESULTS 2023 - 08/03/2024
Connecting Food Market Players
Disclaimer
STEF SA published this content on
08 March 2024 and is solely responsible for the information contained therein. Distributed by
Public , unedited and unaltered, on
08 March 2024 16:36:07 UTC .
Stef: quarterly sales up by almost 6
Apr. 25
CF
Stef: 31% increase in net income by 2023
Mar. 08
CF
STEF SA Reports Earnings Results for the Full Year Ended December 31, 2023
Mar. 07
CI
Stef: SPFA crosses the 10% threshold
Feb. 20
CF
Global markets live: Apple, Nintendo, Super Micro Computer, Currys, ABB...
Feb. 19
Stef: cancellation of treasury shares
Feb. 19
CF
Stef: 7% growth in annual sales
Jan. 26
CF
Stef: acquisition of Bakker Logistiek finalized in the Netherlands
Jan. 05
CF
Stef orders ten Vector eCool from Carrier Transicold
Dec. 11
CF
Stef takes delivery of its first 100% electric truck
Nov. 22
CF
STEF SA completed the acquisition of Transwest Nv.
23-10-30
CI
STEF SA signed an agreement to acquire Bakker Logistiek Groep B.V.
23-10-25
CI
STEF: sales up 2% in Q3
23-10-19
CF
STEF: strengthens its position in Belgium through the acquisition of TransWest
23-10-09
CF
STEF SA signed an agreement to acquire Transwest Nv.
23-10-08
CI
Stef: cooperation agreement with Défense mobilité
23-09-25
CF
Stef: share price up, broker raises target
23-09-08
CF
ODDO BHF Lifts Stef PT, Maintains Outperform Rating
23-09-08
MT
STEF : price target raised by Oddo BHF
23-09-08
CF
STEF SA Reports Earnings Results for the Half Year Ended June 30, 2023
23-09-07
CI
STEF: 43% increase in half-year net income
23-09-07
CF
Stef: sales up 4% in Q2
23-07-20
CF
Stef: hydrogen fuel cells for two warehouses
23-06-14
CF
CMA CGM S.A. acquired La Méridionale SA from STEF SA.
23-05-31
CI
Global markets live: Tesla, Bed Bath & Beyond, J&J, Comcast, CME Group...
23-04-24
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
Stef specializes in the transport and logistics of temperature-controlled products (from -25°C to +15°C). Net sales break down by activity as follows:
- transportation and logistics in France (52.9%): for industrial companies, large-scale distribution, and catered banquet facilities;
- transportation and logistics in international (33.4%): activities carried out in Italy, Spain, Portugal, Belgium, the Netherlands and Switzerland;
- other (13.7%).
More about the company
Last Close Price
125.2
EUR
Average target price
149.5
EUR
Spread / Average Target
+19.41%
Consensus
1st Jan change
Capi.
+9.63% 1.69B -9.51% 39.71B -17.61% 16.87B +0.50% 10.97B -8.60% 6.16B -13.50% 2.23B -15.65% 2.23B -17.87% 1.38B -2.34% 1.21B +56.82% 1.16B
Freight Trucking
+951% of historical performance
More than 20 years at your side
Our Experts are here for you
OUR EXPERTS ARE HERE FOR YOU
Monday - Friday 9am-12pm / 2pm-6pm GMT + 1