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STEF hits 100 million profit mark
Photo: STEF
As the group celebrates its centenary this year, STEF can build on an impressive performance in 2019. For the first time in its history, the French-based temperature sensitive logistics specialist achieved net income of EUR 100 million. STEF France saw strong growth in turnover, which is now in excess of EUR 2 billion.
International business growth was buoyed up by recent acquisitions. However, as the world faces uncertainty over the economy and public health (Covid-19), STEF said that it remains confident in its balanced business model and its ability to pursue sustainable long-term growth.
In the coming months the group will prioritise energy transition, innovation, customer experience and digital transformation to unlock competitive advantages as it moves forward. (ben)