The Stef Group ended the first quarter of 2019 with a turnover of 802.5 million euros, a growth of 5.5% over the same period of 2018, the management reported. Particularly in the Iberian Peninsula, the increase was 8.6%.
“Following the end of 2018, the Iberian Peninsula grew by 8.6% thanks to the sustained food consumption in Portugal and the good dynamics of transport activities in Spain”, the group stated in a press release. According to the logistics and transport company, “excluding sales made on behalf of third parties (customers of the Horeca channel in France, Spain and Belgium), the Group’s activities grew by 6.6%”.
In the area of transport and logistics in France, the company achieved a turnover of 480.1 million euros, which represents a year-on-year growth of 4.8%. Stef International, in the area of transportation and logistics, reported revenues of 196.3 million euros, growing 13.9% over the first quarter of 2018.
In Italy, “the turnover increased 21.7% thanks to the contribution of Marconi’s activities. At the constant perimeter, growth of 5.3% is driven by the development of logistics activities for refrigerated products in Milan”, the same document referred.
In March of this year, the Stef group inaugurated a new platform in Portugal, located in Algoz, Algarve, which reinforced the carrier’s coverage area in the distribution of food under controlled temperature in Portugal and encourages the shipment of regional products, the company informed at the time.