STEF ANNUAL RESULTS 2023
8 MARCH 2024
1 | ANNUAL RESULTS 2023 - 08/03/2024 |
Connecting Food Market Players
CONTENTS
1.
2.
3.
4.
5.
HIGHLIGHTS
FINANCIAL PERFORMANCE
OPERATIONAL PERFORMANCE
EXTRA-FINANCIAL INFORMATION
OUTLOOK
2 | ANNUAL RESULTS 2023 - 08/03/2024 |
Connecting Food Market Players
1 HIGHLIGHTS
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
2 FINANCIAL
PERFORMANCE
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 |
€233.5m
€253m
6.3%*
6.6%*
2022 | 2023 |
*Margin rate on turnover excluding sales of goods for out-of-home foodservice
8 | ANNUAL RESULTS 2023 - 08/03/2024 |
Connecting Food Market Players
NON-RECURRING RESULT
€m
2022
2023
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
FINANCIAL RESULT
€m
2022
2023
Change
22/23
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
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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.
