Business held up well, with a drop in operating profit limited to 28.2%
Ongoing construction of the European network
Fourth quarter sales were down 7.2%.
This transaction will allow Nagel-Group to continue the strategic optimisation of its network and pursue its policy of refocusing on key markets. At the same time, STEF Group will reinforce its presence and network across these three countries.
Turnover down: -6.7% in Q3 and -9.1% for the first nine months of the year. Resilient business model aided by food consumption holding up well during the summer.
The Group implemented exceptional resources that took a toll on results, in order to fulfil its duty to supply food to the public.
Covid-19 health crisis significantly affects Group business, with turnover down 19.2% in Q2.
This result underlines the Group's ambition, since its creation, to have a positive impact on people, their food and their environment.
Covid-19 health crisis causes a 1.1% drop in turnover (-1.5% like for like).
STEF celebrates centenary by passing the €100m profit milestone.
STEF strengthens its presence in Italy