In France, turnover increased by +13.5% (+11.6% at constant scope). All activities are well oriented, with the exception of supermarkets, which is facing both a slowdown in food e-commerce and an unfavorable volume effect compared to 2021, which had benefited from a postponement of consumption due to the closure of restaurants.
Activities dedicated to out-of-home catering and seafood products saw a marked improvement in their turnover, thanks to the solidity of their customer portfolio as well as the absence of restrictions linked to the health crisis compared to the 1st quarter 2021.
The temperate dry and food segment posted good momentum driven by the very good Easter campaign of some of its historical customers and the signing of new contracts.
STEF-International
Internationally, the Group posted a turnover increase of +36.9% (+14.7% at constant perimeter). All of the Group’s countries contribute to this performance.
In the United Kingdom, the activities of Langdons, acquired on December 31, 2021, contributed €48 million in revenue for the quarter.
In Belgium, the Netherlands and Italy, the Group continued to integrate the activities recently acquired from the Nagel group.
Switzerland is performing very well thanks to the signing of new contracts.
In the Iberian Peninsula, Portugal is continuing its solid commercial momentum by relying on its new platform in Alenquer, near Lisbon, whose occupancy rate is progressing. Spain is experiencing sustained organic growth and is also benefiting from the takeover of Enaboy’s business.
Maritime
The activity of La Méridionale is in line with the forecasts for its crossings to Corsica under the public service delegation.
On the Marseille-Tangier line, freight activities are regaining momentum with an increasing load factor.
Next publication, July 21, 2022 after market close: Q2 2022 revenue
STEF press release.
