15.03.2021
Artikel Nummer: 35610
Stef Group hit hard by Covid-19
The pandemic inflicted heavy casualties on the Stef Group, a European provider of temperature-controlled transport and logistics services for food products.
2020's annual results saw operating income contracting by 28% to EUR 117 million compared to EUR 162.9 million in 2019. Turnover declined by 8.6% to EUR 3.15 billion (2019: 3.44 billion).
The group's debt remains relatively stable with a gearing of 111%, despite the significant acquisitions and investments of a total amount of EUR 247 million made during the period.
Stef acquired the activities of Nagel-group in Italy, Belgium and the Netherlands at the end of the year. (sh)