Stef : Consolidated sales for 1Q 2018

STEF group has started 2018 with good momentum and has benefited from a favourable economic environment. Turnover has risen by 9% (8.6% like-for-like) helped by the Easter holidays during the fourth week of March.

Excluding sales carried out for third parties (clients in out-of-home catering located in France, Spain and Belgium), turnover is up by +8.0% (+7.6% like-for-like).

Transport France

The transport network in France has posted strong growth in volumes of goods handled in refrigerated groupage. This rise in volumes, combined with an increase in prices in a context of fleet scarcity and rising fuel surcharges, has resulted in an increase of 6.5% in first quarter turnover.

Logistics France

Logistics France has posted a 6.1% increase in turnover. The frozen goods warehouses achieved a fill rate of 88.9%, compared with 84.4% in Q1 2017. Logistics for industrial chilled products and for supermarket chains have benefited from the ramp-up of new sites recently started up.

International

- Spain is stepping up its expansion in the out-of-home catering segment as new contracts come into force, and is benefiting from the full effect of the synergies set up with Transports Badosa. Turnover grew by +15.8% in the first quarter (+9.3% like-for-like).
- With turnover up 11.6 %, Italy is continuing to expand with major national accounts in the agri-food industry.

Maritime

Excluding the expected readjustment of financial compensation, turnover increased by 3.4%, both in freight and in passenger traffic.

Press release»