STEF hits 100 million profit mark
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)