Stef: Q3 sales up 2%
(CercleFinance.com) - Groupe Stef has published total Q3 sales of E1106m, up 2% y-o-y.
Excluding sales of goods for out-of-home catering, sales were E959m, down 1.3% (-3.3% LFL).
The downturn in consumer spending continued to impact sales in France, which fell by 4.4% to E583m.
However, international sales posted satisfactory growth (+4.5%, to E372m), benefiting from the effects of external growth in Italy.
Stef has said that it will remain vigilant over Q4 regarding trends in the economic indicators (consumption, inflation and interest rates), and will focus on completing the acquisition of the Belgian company TransWest, which specialises in transport and logistics services for frozen food products.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
Excluding sales of goods for out-of-home catering, sales were E959m, down 1.3% (-3.3% LFL).
The downturn in consumer spending continued to impact sales in France, which fell by 4.4% to E583m.
However, international sales posted satisfactory growth (+4.5%, to E372m), benefiting from the effects of external growth in Italy.
Stef has said that it will remain vigilant over Q4 regarding trends in the economic indicators (consumption, inflation and interest rates), and will focus on completing the acquisition of the Belgian company TransWest, which specialises in transport and logistics services for frozen food products.
Copyright (c) 2023 CercleFinance.com. All rights reserved.