Stef: net income to triple in the first half of 2021

  •   06/09/2021 - 09h46
  •   DEHOUI Lionel

The half-yearly results unveiled by the Stef group for the first half of 2021 are very solid. They mark a return to pre-pandemic performance. The company has thus returned to a better level of activity after having previously suffered the effects of the health crisis. Over the first six months of the year as a whole, the company's revenues rose significantly.

Stef: net income to triple in the first half of 2021

Results up sharply in the first half

In a difficult context still marked by theimpact of the Covid-19health crisis, the Stef group has managed to achieve a good level of activity in the first half of the year. The results recorded by the company over this period show an increase compared to those reported for H1-2020.

For the first six months of the year as a whole, the temperature-controlled transport and logistics services group generated revenues of €1.64 billion. It reports a growth of 10% compared to the turnover recorded in the first half of 2020.

Also, the company saw its net income (group share ) multiply by more than three, over the entire half-year. 45.3 million in H1-2021. 45.3 million in H1-2021, an increase of 205% over one year. 67.6 million in the first half of 2021. 67.6 million in the first half of 2021, an increase of 142% compared with the first half of 2020.

 

About the Group's outlook

The good performance in the first half of the year shows an encouraging recovery in the Stef Group's business. This confirms the solidity of its "pure player" model at the service of its food sector customers. As far as the company's outlook is concerned, the latter refers to the current health context marked by the resurgence of the pandemic.

Despite the uncertainty that the health situation will improve soon, the temperature-controlled transport and logistics service provider is very confident in its resilient business model. It intends to take advantage of the opportunities created by the growth in consumption patterns following the acceleration of the health crisis.

In addition, the company is actively preparing for the future. In this context, it continues to implement its strategy of investing in innovation and in the Group's real estate projects.

 

More about the Stef group

Stef is a French company founded in 1920 and based in Paris. It specialises in cold transport and logistics for all food and heat-sensitive products. In Europe, the group is recognized as the leader in temperature-controlled logistics.

The company has a great deal of expertise and a unique territorial network. This enables it to operate in 15 European countries, offering specialised solutions. These solutions are intended for the food industry, out-of-home catering and large-scale distribution.

The company has nearly 246 platforms and warehouses. It has a workforce of around 19,000 employees worldwide. In 2020, the Stef group achieved a turnover of 3,145 million euros.