STEF announces its 2023 annual results and confirms its development strategy

STEF, a major player in the transport and logistics sector for food products, revealed its results for the 2023 financial year. This year was marked by a significant strategic transformation, in particular by the sale of maritime activities and the acquisition of two companies in Belgium and the Netherlands. Despite a drop in food consumption impacting volumes in France, the group reports growth in its turnover to €4,442.1 million, an increase of 6.8% compared to the previous year. .

International performances, particularly in Belgium, the Netherlands, Spain and Italy, have played a key role in the group's growth. Current operating profit stood at €247.3 million, up 6.1%. The group also highlighted an investment of €350 million in renewable energies and operating tools. Despite an unfavorable environment, management remains optimistic about the outlook for 2024, relying on its strategic plan “Committed to a sustainable future”.

Concerning shareholder remuneration, a dividend of €5.10 per share will be proposed to the general meeting, with a distribution favoring employees and the group's management.