STEF: 2024 annual results in decline despite external growth

In 2024, the STEF Group recorded an increase in its turnover to €4,800.8 million, marking an increase of 8.1%. However, operating profit declined by 9.7%, influenced by reduced margins in the logistics and transport sectors, particularly due to slower demand for road transport in Europe.

In France, despite stable figures, the market suffered from weak food consumption. Successes were observed in the supermarket and foodservice segments thanks to new customers, while frozen food lost profitability. Internationally, recent acquisitions have boosted revenue, but margins remain low.

The dividend proposed by the Group remains at one-third of net profit, or €4.15 per share. With expected resilience in the face of the geopolitical context, STEF continues to move forward with its strategic plan for 2025.